Symposium to Explore Global Financial Innovation in Wake of 2008 Economic Crisis
Update: "The Man Who Shot Liberty Valance: The Future of Financial Regulation" with Ethiopis Tafara (Podcast): Ethiopis Tafara, director of the Office of International Affairs at the U.S. Securities and Exchange Commission, spoke at the University of Virginia School of Law as part of the the Virginia Journal of International Law and the J.B. Moore Society of International Law symposium, "Financial Innovation in a Changing World."
In the face of a changing global financial market after the 2008 economic meltdown, a symposium at the University of Virginia School of Law will bring together top government officials, legal scholars and practitioners to consider the way forward.
The international law symposium, "Financial Innovation in a Changing World," will be held Friday, Feb. 22 from 9 a.m. to 5:30 p.m. The event is sponsored by the Virginia Journal of International Law and the J.B. Moore Society of International Law.
"The symposium looks to address the multitude of ways in which the global issues of sovereign debt, anti-bribery legislation and banking regulations have changed the world in which we live in recent years," said Jonathan Black, editor-in-chief of the Virginia Journal of International Law. "In addition, the symposium will look forward to developing issues, and what remains to be done in these rapidly developing and changing fields."
Ethiopis Tafara, director of the Office of International Affairs at the U.S. Securities and Exchange Commission, will deliver the symposium's keynote address from 1:20 to 2:30 in Caplin Pavilion.
At the SEC, Tafara advises the commission and senior staff on international legal and policy issues that have an impact on the commission's regulatory and enforcement program. He also represents the SEC in dealing with foreign policymakers, foreign regulations and international institutions on issues related to securities regulation. Additionally, Tafara advises other federal agencies, such as the Department of the Treasury, on securities regulation, corporate governance and more.
The symposium's panels will explore the sovereign debt crisis, the Foreign Corrupt Practices Act (primarily an anti-bribery statute), and the international convergence of banking and securities regulations.
Schedule - Friday, Feb. 22
Purcell Reading Room
Panel 1: Crisis and the Evolution of Sovereign Debt
This panel examines the significant responses to the sovereign debt crisis from financial institutions and international actors, and the potential legacy of efforts to address these challenges.
- Moderator: Pierre-Hugues Verdier, associate professor of law, University of Virginia School of Law
- Mitu Gulati, professor of law, Duke University School of Law
- Jonathan Hamilton, partner, White & Case
- W. Mark Weidemaier, assistant professor of law, University of North Carolina School of Law
Purcell Reading Room
Panel 2: Trends and Effects of the Foreign Corrupt Practices Act
Panelists will explore trends in the application of the FCPA, its interaction with international standards, and the ultimate effects on international corporate governance and behavior.
- Moderator: Paul B. Stephan, John C. Jeffries, Jr. Distinguished Professor of Law, University of Virginia School of law
- Richard Dean, partner, Baker & McKenzie
- Eric Kadel, partner, Sullivan & Cromwell
- Mark Mendelsohn, partner, Paul Weiss Rifkind Wharton & Garrison
- Philip M. Nichols, associate professor of legal studies and business ethics, Wharton School of the University of Pennsylvania
- Richard Smith, partner, Fulbright & Jaworski
Stone Dining Room
Moderator and Panelist Lunch
Invited Guests
Caplin Pavilion
Keynote Address
Ethiopis Tafara, director, Office of International Affairs, U.S. Securities and Exchange Commission
Keynote address sponsored by Sullivan & Cromwell\
2:45-4:15 p.m.
Purcell Reading Room
Panel 3: The International Convergence of Banking and Securities Regulations
This panel assesses the impact of increasingly homogenized rules, standards and norms across international boundaries in the regulation of global banking and securities markets.
- Moderator: John D. Morley, associate professor of law, University of Virginia School of Law
- Edward Kelly, chairman of Institutional Clients Group, Citigroup Inc.
- Galit Sarfaty, assistant professor, University of British Columbia Faculty of Law
- Andrew Verstein, associate research scholar in law, John R. Raben/Sullivan & Cromwell Executive Director of the Center for the Study of Corporate Law, Yale Law School
Purcell Reading Room
Closing Remarks
Caplin Pavilion
Reception
Founded in 1819, the University of Virginia School of Law is the second-oldest continuously operating law school in the nation. Consistently ranked among the top law schools, Virginia is a world-renowned training ground for distinguished lawyers and public servants, instilling in them a commitment to leadership, integrity and community service.
