The Committee on Capital Markets Regulation has issued a comprehensive report on the causes of the financial crisis and recommended regulatory remedies in "The Global Financial Crisis: A Plan for Regulatory Reform." The committee identified four objectives of improved regulation: reducing systemic risk, improving disclosure, unifying the existing regulatory structure, and encouraging international regulatory cooperation. In line with these objectives, the report outlines fifty-seven specific recommendations for restructuring financial regulation, covering such issues as credit default swaps, capital requirements, regulation of nonbank financial institutions, resolution of failed financial institutions, credit rating agencies, and accounting standards.

Hal S. Scott, director of the Committee on Capital Markets Regulation and Nomura Professor and director of the Program on International Financial Systems at Harvard Law School, will present the report's findings. Peter J. Wallison, the Arthur F. Burns Fellow in Financial Policy Studies at AEI, and Douglas J. Elliott, an economic studies fellow at the Brookings Institution, will discuss the feasibility and efficacy of these recommendations. AEI's Alex J. Pollock will moderate.

This event is cosponsored by AEI, the Brookings Institution, and the Committee on Capital Markets Regulation.