PARTICIPANTS

Joseph Grundfest, George Shultz, Darrell Duffie, John Taylor, Andrew Crockett, Ken Scott, John Shoven, John Cogan, Johannes Stroebel

ISSUES DISCUSSED

Duncan Niederauer, CEO of the NYSE, addressed the groups on a number of issues. He began by describing the velocity of change that the NYSE had undergone in recent years during its transition towards a technology company. He also offered his views on the regulatory and policy responses to the recent financial crisis. He argued that policy makers should focus on reducing the number of regulators, reducing systemic risk, and thinking about a resolution authority. He commented on proposals for a transaction tax, and problems related to its introduction. He also highlighted the importance of regulating currently unregulated “opaque” markets, including dark pools, rather than increasing the regulation of those regulated markets that had functioned well during the crisis. He also discussed the issues of derivative clearing houses, international aspects of regulation and the introduction of limits on short sales.

Upcoming Events

Friday, March 29, 2024 10:00 AM PT
Japanese America on the Eve of the Pacific War: An Untold History of the 1930s
Hoover Book Club: Japanese America on the Eve of the Pacific War
In our latest installment, watch a discussion between Michael R. Auslin and Tosh Minohara on Japanese America on the Eve of the Pacific War: An… Hoover Institution, Stanford University
Friday, March 29, 2024 12:15 PM PST
Lou Henry Hoover at center of picnicing Zoology club, circa 1897
Carillon Concert For Lou Henry Hoover’s 150th Birthday
Join us for a Musical Tribute to Lou Henry Hoover in Celebration of her 150th Birthday. Hoover Tower Lawn
Monday, April 8, 2024
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Markets vs. Mandates: Promoting Environmental Quality and Economic Prosperity
On April 8, 2024, the Hoover Institution will host its second annual one-day conference on Markets vs. Mandates: Promoting Environmental Quality and… David and Joan Traitel Building, Hoover Institution, Stanford University
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