When the Euro Falls Apart- A Sequel (2012)

2012 | Hal Scott

Download As PDF Harvard Law School Public Law & Legal Theory Working Paper SeriesPaper No....

Reducing Systemic Risk Through the Reform of Capital Regulation (2010)

2010 | Hal Scott

Download As PDF Capital requirements are a key element in containing systemic risk. This article argues that the market needs to play a more significant role in determining these requirements. The Basel process has a bad track record and there are inherent...

Financial Crisis Responsibility Fee: Issues for Policy Makers (2010)

2010 | Hal Scott

Download As PDF On January 14, 2010, the Obama Administration announced its proposal for a Financial Crisis Responsibility Fee – the bank tax.1 In principle, the tax would be imposed oncertain financial institutions with $50 billion or more in consolidated assets, and...

An Optional Federal Charter for Insurance Rationale and Design (2009)

2009 | Hal Scott

Download As PDF Important changes have buffeted the insurance industry over the past decade. The 1999 repeal of key provisions of the Glass-Steagall Act unleashed a wave of conglomeration in financial services, as bank holding companies acquired insurance and...

What to Do About Foreign Discriminatory Forum Non Conveniens Legislation (2009)

2009 | Hal Scott

Download As PDF U.S. courts face a difficult challenge when considering whether to hear a case brought by foreign plaintiffs for alleged tort injuries that have occurred abroad. In opposing motions to dismiss based on forum non conveniens, foreign plaintiffs have...

The Development of Asian Bond Markets: The Offshore Option (2007)

2007 | Hal Scott

Download As PDF One of the factors widely believed to have contributed to the Asian financial crisis was the dependence of the region on external short-term dollar-based financing from banks. The Asian Bond Markets Initiative (ABMI) which was launched in Manila in...