Ford School Dean Michael S. Barr and his collaborators Howell E. Jackson of Harvard Law School and Margaret E. Tahyar from the law firm of Davis Polk & Wardwell, LLP, have released the third edition of their textbook, Financial Regulation: Law and Policy.
The third edition has been updated to reflect changes made by the new presidential administration. It includes extensive discussions of fintech, climate change, and racial equality, as these topics have moved from the periphery toward the center of the regulatory agenda. It adds a stand-alone chapter on supervision, as well as an expanded chapter on enforcement.
Like the second edition, published in 2018, the third edition analyzes and compares the market and regulatory architecture of the entire U.S. financial sector, from banks, insurance companies, and broker-dealers, to asset managers, fintech companies of many types, complex financial conglomerates, and government-sponsored enterprises. The textbook explores a range of financial activities, including consumer finance and investment, digital and traditional payment systems, securitization, short-term wholesale funding, money markets, and derivatives. Throughout the book, the authors note the cross-border implications of U.S. rules, and compare, where appropriate, the U.S. financial regulatory framework and policy choices to those in other places around the globe, especially the UK and the European Union. (Read more)
A companion site includes additional teaching materials, including Notes, Model Syllabi, Figures, and PowerPoint Slides.
The authors had previously released an online supplement with experiential materials also covering such relevant topics as The Financial Response to the COVID-19 Pandemic and Jackson and Tahyar’s e-book on emerging Fintech Law.
In addition to serving as dean of the Ford School, Barr is the co-faculty director of the Center on Finance, Law & Policy.
