Hal S. Scott
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).”
Since April 07, 2011, in order to furnish interested parties information on other compensated outside activities, Professor Scott is providing the following additional disclosures:
Current Consulting Engagements
- State Street Corporation (various issues)
- International House of Japan (PIFS Japan-U.S. Symposium)
- Special Assistant Attorney General for the Commonwealth of Massachusetts and expert witness for the Massachusetts Department of Revenue on certain state tax issues
Compensated Speeches or Presentations (since 2007)
- MetLife, December 11, 2013, on financial regulation of insurance companies
- Faculty of Law, University of Western Ontario, London, Ontario (Torys LLP Business and Law Pre-Eminent Scholars Series), October 1, 2010, on financial regulation
- Ironshore, November 2, 2010, on financial regulation
- Group of investors (confidential), September 2011 (Euro crisis)
- Institutional investor (confidential), July 2012 (Euro crisis)
- TradeTech West Keynote, September 12, 2012, on financial regulation
- Allianz Fund, September 18, 2012, on connectedness and contagion
Compensated Publications (since 2007, sponsor also disclosed in publications)
Mark Ames, Til Schuermann and Hal S. Scott, “Bank Capital for Operational Risk: A Tale of Fragility and Instability,” (2014). Supported under Professor Scott’s general consulting relationship with State Street Corporation.
Scott, Hal S., "How to Improve Five Important Areas of Financial Regulation," in "Rules for Growth: Promoting Innovation and Growth Through Legal Reform," Yale Law and Economics Research Paper, No. 426 (2011), http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1757982. Sponsored by Kauffman Foundation.
Scott, Hal S. "What to Do About Foreign Discriminatory Forum Non-Conveniens Legislation," 49 Harvard International Law Journal Online (2009), http://www.harvardilj.org/2009/01/online_49_scott/. Sponsored by Dole Food Company, Inc.
Brief for the Financial Services Roundtable as Amicus Curiae Supporting Respondents, Andrew M. Cuomo v. The Clearinghouse Association, L.L.C. and Office of the Comptroller of the Currency, 557 U.S. __ (2009) (No. 08-453), http://www.americanbar.org/content/dam/aba/publishing/preview/publiced_preview_briefs_pdfs_07_08_08_453_RespondentAmCuFinancialServicesRoundtable.authcheckdam.pdf.
Scott, Hal S. "Financial Crisis Responsibility Fee: Issues for Policy Makers," U.S. Chamber of Commerce (2010), http://www.uschamber.com/reports/financial-crisis-responsibility.
Scott, Hal S. Letter to Congress on Single Repositories, on behalf of the Depository Trust & Clearing Corporation (April 14, 2010).