Abbreviation | CCMR |
---|---|
Formation | 2006 |
Type | nonpartisan research |
Purpose | Improving regulation of U.S. Capital Markets |
Headquarters | 125 Mt. Auburn St., Third Floor |
Location | |
Key people
|
Hal S. Scott, Director Glenn Hubbard, Co-Chair John L. Thornton, Co-Chair |
Website | http://capmktsreg.org |
Hal S. Scott, Director
Glenn Hubbard, Co-Chair
The Committee on Capital Markets Regulation is an independent and nonpartisan 501(c)(3) research organization dedicated to improving the regulation of U.S. capital markets.
Twenty-seven leaders from the investor community, business, finance, law, accounting and academia comprise the Committee’s membership. The Committee co-Chairs are Glenn Hubbard, Dean of Columbia Business School, and John L. Thornton, Chairman of the Brookings Institution. The Committee’s Director is Professor Hal S. Scott, Nomura Professor and Director of the Program on International Financial Systems at Harvard Law School. The Committee’s research regarding the regulation of U.S. capital markets provides policymakers with a nonpartisan, empirical foundation for public policy.
The Committee determined four critical objectives based upon a year of observation and research into the financial crisis that are further broken down into 57 specific recommendations. These four objectives are:
In the 37-page letter to Chairman Dodd, Ranking Member Shelby, Chairman Lincoln and Ranking Member Chambliss the CCMR evaluated all major elements in the financial reform proposals that have emerged from Senate committees, but focused especially on four as areas for compromise: