The Shadow Financial Regulatory Committee (SFRC) is a group of publicly recognized independent experts on the financial services industry, including banking, insurance, and securities, who meet regularly to study and critique regulatory policies affecting this sector of the economy. At the two closed sessions before the luncheon, committee members discuss, among other things, mutual fund industry and NYSE problems, GSE privatization, a SEC proposal on shareholder democracy, and the regulation of hedge funds.
At the luncheon press briefing that follows these meetings, SFRC members issued the following statements:
| 11:45 a.m. | Registration | |
| Noon | Luncheon | |
| 12:30 p.m. | Press Briefing: | George G. Kaufman (cochair), Loyola University of Chicago |
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| Robert E. Litan (cochair), Brookings Institution |
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| George J. Benston, Emory University |
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| Marshall Blume, University of Pennsylvania |
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| Charles W. Calomiris, AEI and Columbia University |
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| Kenneth W. Dam, University of Chicago |
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| Franklin R. Edwards, Columbia University |
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| Scott E. Harrington, University of South Carolina |
| Richard J. Herring, University of Pennsylvania | ||
| Paul M. Horvitz, University of Houston | ||
| Randall S. Kroszner, AEI and University of Chicago | ||
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| Kenneth M. Lehn, University of Pittsburgh |
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| Hal S. Scott, Harvard Law School |
| Kenneth E. Scott, Stanford University | ||
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| Peter J. Wallison, AEI |
| 1:30 | Adjournment | |








