Last November, the Committee on Capital Markets Regulation--a group of academic experts and market specialists--issued the first comprehensive report on whether excessive regulation and litigation were causing a migration of financial transactions away from the United States. The report concluded there was strong evidence of this possibility and recommended various steps to restore a better balance in regulating financial services in the United States. Since the committee’s report was presented, two other studies on U.S. financial competitiveness have been completed--one by New York mayor Michael Bloomberg and Senator Charles Schumer (D-N.Y.), and one other by the United States Chamber of Commerce. Key elements of the committee’s report will be presented by the authors, and panelists will discuss its findings and the prospects for legislative or regulatory action based on its recommendations.
This conference is cosponsored by AEI and the Brookings Institution.
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