Norm Champ (Harvard Law School) presented his book, ’Going Public: My Adventures Inside the SEC and How to Prevent the Next Devastating Crisis’ on the 7 March at The Dickson Poon School of Law.
"As the new U.S. Administration considers plans to revamp the Dodd-Frank Consumer Protection Act, important lessons can be learnt from past regulatory mistakes and responses to the 2007-09 global financial crisis." In his book talk at the Transnational Law Institute, Norm Champ engaged in a candid discussion of the structures, processes, culture and ethos that led to the Securities Exchange Commission (SEC) suffering “the greatest humiliation in a long time”, and offered a behind-the-scene look at efforts that he and his team undertook to help the agency get better at fulfilling its mission, which is to protect investors, facilitate capital formation and ensure that there are fair, orderly and efficient markets.
Mr Champ argued that although rule-making has become more evidence-based in the U.S., leading to a more rigorous analysis of statutes and their impacts, the reforms undertaken to date are in and of themselves insufficient to prevent the next devastating crisis. He explains why in an interview with the TLI’s Programme Assistant and Senior Research Fellow, Dr Liliane Mouan.
Norm Champ is a Lecturer in Investment Management at Harvard Law School, a partner at Kirkland & Ellis, and former Director of the Division of Investment Management at the U.S. Securities Exchange Commission (SEC). He is the author of "Going Public: My Adventure inside the SEC and How to Prevent the Next Devastating Crisis."
Please find the Soundcloud interview here: ’Going Public: My Adventures Inside the SEC’ .