Professor J. Scott Colesanti published the following article in the New York Law Journal.
Financial Regulatory Reform and the Retail Investor
By J. Scott Colesanti
August 18, 2009
The White House recently released details of its proposed overhaul of the nation’s regulatory framework for financial services.1 In the main, the regulatory reform (the reform) would consolidate data and authority within the Federal Reserve, which, as a systemic risk regulator, would monitor the largest financial firms to prevent a recurrence of the unprecedented risk-taking that has threatened so many on and off Wall Street. But the reform, by touching upon all corners of financial services, also reveals the new president’s hopes on topics ranging from insurance regulation to executive compensation to arbitration clauses in customer agreements.