Course Description

601:629. Regulation of Financial Institutions (3)


Capital markets comprise banks, insurance companies, securities firms, and investment

companies. These markets have integrated rapidly since financial deregulation began in the

1980’s. The firms themselves have reorganized and consolidated, enabled in no small part by

technological advances in information processing. We will examine these firms and the agencies

charged with their oversight. Particular emphasis will be laid upon the shared structural features

of market participants, the implications of recent market failures, and the consequences of

uncoordinated allocation of regulatory responsibilities across several federal and state agencies.