A commissioner of the Securities and Exchange Commission (SEC) from 2002 to 2008, Paul Atkins is known for advocating for better transparency and consistency in the SEC's decision-making and enforcement activities, as well as for smarter regulation that considers costs and benefits. He represented the SEC at various meetings of the President's Working Group on Financial Markets and international bodies, including the Transatlantic Economic Council, Transatlantic Business Dialogue, World Economic Forum (Davos), and the European Parliamentary Financial Services Forum. Prior to his appointment to the SEC, he was a partner at PricewaterhouseCoopers, where he worked on regulatory compliance, internal controls, and risk-management issues for financial services firms. A lawyer by training, Atkins also represented U.S. and foreign clients on corporate finance and business combination transactions while at Davis Polk & Wardwell, where he spent a number of years in the firm's Paris office. He was admitted as conseil juridique in France in 1988. At AEI, Atkins works on issues related to U.S. and international regulation of the financial services industry.
Chief Executive, Patomak Global Partners, 2009 - present
Independent Director and Chairman of the Board, BATS Global Markets, 2012 - present
Member, Congressional Oversight Panel for the Troubled Asset Relief Program (TARP), 2009 - 2010
Commissioner, 2002-2008; Chief of Staff and Attorney Fellow to Chairman Richard C. Breeden and Counsellor to Chairman Arthur Levitt, 1990-94, Securities and Exchange Commission (SEC)
Partner, PricewaterhouseCoopers, 1994-2002
President, Resort Funding, Inc., 1996-97
Associate, Davis Polk & Wardwell, 1984-90
J.D., Vanderbilt University School of Law A.B., Wofford College
As you undoubtedly know, it is the height of the election season in the United States; the first Presidential debate was held last night. Much is at stake in this process – for Americans as well as for those abroad.
In the past decade, the Securities and Exchange Commission’s budget has increased threefold and the fundamental problems remain. For the sake of investors, who have lost billions in fraudulent schemes that should have been discovered, it is high time that these organizational issues be addressed.
Dodd-Frank overall is a poorly drafted statute that drastically expands the power of the federal government, creates new bureaucracies staffed with thousands, and does little to help the struggling American citizen.
View video of Panel III: Bailouts, Competition, and Moral Hazard at http://www.aei.org/video/101302.
View video of Panel IV: Regulating Financial Institutions in a Global Economy online at http://www.aei.org/video/101303.