The Shadow Financial Regulatory Committee works to identify and analyze developing trends and ongoing events that promise to affect the efficiency and safe operation of sectors of the financial services industry; explore the spectrum of short- and long-term implications of emerging problems and policy changes; help develop private, regulatory and legislative responses to such problems that promote efficiency and safety and further the public interest; and to assess and respond to proposed and actual public policy initiatives with respect to the impact on the public interest.

The results of the Committee's deliberations are intended to increase the awareness and sensitivity of members of the financial services industry, public policy makers, the communications media and the general public to the importance and implications of current problems, events and policy initiatives affecting the efficiency and safety of the industry and the public interest.

Members of the Shadow Financial Regulatory Committee are drawn from academic institutions and private organizations and reflect a wide range of views. The Committee is independent of any of the members' affiliated institutions or AEI. The recommendations of the Committee are its own. The only common denominators of the members are their public recognition as experts on the industry, and their preferences for market solutions to problems and the minimum degree of government regulation consistent with efficiency and safety.

The Shadow Committee has issued Annual Reports for the following years:

2003 Annual Report

2002 Annual Report

2001 Annual Report

2000 Annual Report

1999 Annual Report