Understanding Financial Regulation: A Tool For Success

Newsletter #13 : Financial Regulation Special Issue

September 27th, 2016
Financial Regulation Special Issue - ©Fotolia - Studio Photo AG

Since the 2008 financial crisis, understanding financial regulation has never been more important. This month’s newsletter assesses regulation’s impact on corporations and markets, showcasing work carried out by HEC Paris’ faculty on various aspects of the fast-moving regulatory landscape.

Just like HEC Paris, financial regulation spans many scientific areas, such as finance, law, accounting, economics, decision and incentives theory (among others). As a result, the HEC faculty, in all its richness and diversity, is ideally positioned to have a significant impact on the current debate on regulation.

This newsletter contains two main parts. It starts by presenting the main conclusions of recent academic articles written by the HEC faculty. Professors David Restrepo Amariles and Matteo Winkler from HEC Paris’ Law department study the extraterritorial application of US law on European corporations. Finance professor Guillaume Vuillemey, along with colleagues Darrell Duffie from Stanford University and Martin Scheicher from the European Central Bank, show how new rules on Credit Default Swaps can make derivatives markets safer. With his colleague Co-Pierre Georg from the Deutsche Bundesbank, HEC Paris’ Professor Jean-Edouard Colliard develops new ways of measuring regulatory complexity and ultimately making regulation more efficient.

In the second part, the newsletter shows how world-class academic analysis conducted at HEC can have impact beyond the research community. First, it focuses on its influence in the classroom. Professor Jean-Edouard Colliard explains how research benefits HEC students through the creation of novel and differentiating courses on financial regulation, which are typically not offered in other top business schools. Second, in an interview, three HEC Professors, Thierry Foucault, Christophe Pérignon and Guillaume Vuillemey explain how their research feeds the national debate on regulation through their scientific collaboration with major national supervisors.

We hope you will enjoy the read!