The financial crisis of 2008 raised crucial questions regarding the effectiveness of the way the United States regulates financial markets. What caused the crisis? What regulatory changes are
most needed and desirable? What regulatory structure will best implement the desired changes? This volume addresses those questions with contributions from an ideologically diverse group of
scholars, policy makers, and practitioners, including Paul Volcker, John Taylor, Richard Posner, and Glenn Hubbard.
New Directions in Financial Services Regulation grows out of a conference hosted by the Mossavar-Rahmani Center for Business and Government at Harvard’s Kennedy School of Government in
October 2009, and the book reflects the dynamic give-and-take of the event. Each chapter includes not only major papers and presentations but also a summary of the subsequent discussion. The
book achieves a balance of academic and practitioner perspectives, with leaders of financial firms and regulatory bodies offering insights based on their experiences in the financial crisis of
the year before.
