Many people argue that the failure to regulate complex financial instruments, especially derivatives, contributed significantly to the global financial crisis of 2007 and 2008. However, as regulators often do not anticipate the next crisis is there really a need to establish a system of global financial regulation?
On September 18, 2014 Professor Sean Griffith, Fordham University, New York, talks about:
"Substituted Compliance and Systemic Risk: How to Make a Global Market in Derivatives Regulation"
12:00 - 1:00 p.m., Goethe University, Casino building, Renate-von-Metzler-Saal (1.801)
The paper is available for download.
