Program on International Financial Systems

The mission of the Program on International Financial Systems (PIFS) is to enhance the role of regulation in building the global financial system of the 21st century. PIFS’ collaborates with Harvard Law School Executive Education on certain training programs for regulators and Harvard Law School is a non-financial sponsor of PIFS’ international symposia and special events.


PIFS hosts three annual international symposia that each bring together over 100 senior policymakers, business leaders and academics for two-and-a-half days of private discussions.

U.S.-Japan (since 1998)

U.S.-Europe (since 2002)

U.S.-China (since 2004)


PIFS conducts research on the laws and regulations that govern financial markets and institutions.

International Review of Equity Market Structure (2020, 2019)

Cloud Computing in the Financial Sector (2019)

Overview of Bank Stress Test Regimes (2018)

Training & Development Seminars

PIFS delivers training programs and policy development seminars for regulators.

International Organization of Securities Commissions

People’s Bank of China

Kuwait Capital Markets Authority

Japan Financial Services Agency

Indonesia Ministry of Finance

Qatar Financial Centre Regulatory Authority

ASEAN Capital Markets Forum


PIFS hosts lectures and fireside chats with senior policymakers, financial industry executives and academic experts.

U.S. Senator Richard Shelby

Haruhiko Kuroda, Governor of the Bank of Japan

James Gorman, CEO of Morgan Stanley

Special Events

PIFS hosts private roundtables focused on policy issues confronting the global financial system.

The Rise of Private Equity: Implications for Public Markets and Investor Access (2020)

The Role of Asset Management in ESG Investing (2020)

Resolving and Stress Testing Global Banking Institutions (2019)