Hal S. Scott

Nomura Professor of International Financial Systems

Director, Program on International Financial Systems

Biographical Statement

Hal S. Scott is the Nomura Professor and Director of the Program on International Financial Systems (PIFS) at Harvard Law School, where he has taught since 1975. He teaches courses on Capital Markets Regulation, International Finance, and Securities Regulation. He has a B.A. from Princeton University (Woodrow Wilson School, 1965), an M.A. from Stanford University in Political Science (1967), and a J.D. from the University of Chicago Law School (1972). In 1974-1975, before joining Harvard, he clerked for Justice Byron White. The Program on International Financial Systems, founded in 1986, engages in a variety of research projects. Its book, Capital Adequacy Beyond Basel (Oxford University Press 2004), examines capital adequacy rules for banks, insurance companies and securities firms. The Program also organizes the annual invitation-only U.S.-Japan, U.S.-Europe, and U.S.-China Symposia on Building the Financial System of the 21st Century, attended by financial system leaders in the concerned countries. In addition, the Program directs a concentration in International Finance for LLM students at Harvard Law School. Professor Scott's books include the law school textbook International Finance: Transactions, Policy and Regulation (19th ed. Foundation Press 2012); and The Global Financial Crisis (Foundation Press 2009). Professor Scott is the Director of the Committee on Capital Markets Regulation, which in May 2009 released a comprehensive report entitled The Global Financial Crisis: A Plan for Regulatory Reform. He is also Co-Chair of the Council on Global Financial Regulation, an independent director of Lazard, Ltd., a member of the Bretton Woods Committee, a past President of the International Academy of Consumer and Commercial Law and a past Governor of the American Stock Exchange (2002-2005).

Appointments

• Assistant Professor of Law, 1975
• Professor of Law, 1980
• Director, Program on International Financial Systems, 1986
• Nomura Professor of International Financial Systems, 1990

Education

• Woodrow Wilson School of Public and International Affairs, Princeton University B.A. 1965
• Stanford University M.A. 1969, Political Science
• University of Chicago Law School J.D. 1972

Research Interests

• Capital Markets Regulation
• International Finance
• Sovereign Debt

Subject Areas for Accepting Press Inquiries

• Banking Law
• Banking Regulation
• Capital Markets Regulation
• Faculty Expert on Asia
• Faculty Expert on Europe
• Finance
• International Business Transactions
• International Law

Subject Areas for Supervising Written Work

• Capital Markets Regulation
• International Finance
• Payments System

Representative Publications

• Capital Adequacy Beyond Basel: Banking, Securities, and Insurance (Hal S. Scott ed., Oxford University Press 2005).
  Full text: AMAZON (Purchase)
  
• Scott, Hal S. "The Internationalization of Primary Public Securities Markets," 63 Duke Journal of Law and Contemporary Problems 71 (2000).
  Full text: WWW || SSRN
  
• Scott, Hal S. "When the Euro Falls Apart," 1 International Finance 207 (1998).
  
• Scott, Hal S. & Sydney J. Key. "International Trade in Banking Services: A Conceptual Framework", Group of Thirty Occasional Paper 35 (1991).
  

Bibliography

View bibliography