Regulating Risk
- When: April 16, 2010, 8:15 am - 5:00 pm
- Where: William F. Starr Hall - William R. Davis Courtroom
- Contact: Patricia Carbray
Sponsored by the Insurance Law Center and the Connecticut Insurance Law Journal.
In his remarkable book “Against the Gods,” Peter Bernstein detailed humanity’s struggle to understand and measure risk. Bernstein’s tale was one of historical triumph. The mastery and taming of risk had driven the capital markets revolution and spurred innovation beyond the financial realm. However, recent events have thrown Bernstein’s assessment into doubt. The current financial crisis and prior historical events such as the collapse of Long Term Capital Management have shown that risk can be difficult to measure and discern, affected by unknown economic, behavioral and financial factors. Moreover, excessive risk-taking is now proclaimed to be one of the root causes of the financial crisis. The question is no longer merely how can we harness and understand risk, but more tellingly how can we control risk-taking? In this symposium we bring together government officials and academics to better understand not only capital markets risk but to assess how and when risk-taking should be regulated. We examine this question in a variety of contexts including insurance, hedge funds, investment banks and market trading generally.
Schedule
Friday, April 16
8:30 a.m. Welcome -- Dean Jeremy Paul
8:45 a.m. Remarks by the Hon. Joel Ario, Insurance Commissioner, Pennsylvania Department of Insurance
9:30 p.m. Systemic Risk: Future Approaches
Iman Anabtawi, UCLA School of Law
Jeffrey N. Gordon, Columbia Law School
Charles K. Whitehead, Cornell Law School
Moderator: John Day, University of Connecticut
10:45 a.m. Coffee Break
11:00 a.m. Systemic Risk: Moral Hazard
Patricia A. McCoy, University of Connecticut School of Law
David Zaring, The Wharton School, University of Pennsylvania
Moderator: Peter Siegelman, University of Connecticut
Noon Luncheon
12:30 p.m. Keynote Address
William D. Cohan, Author of House of Cards: A Tale of Hubris and Wretched Excess on Wall Street
1:15 p.m. Interdisciplinary Approaches To Risk Management
Tom Baker, University of Pennsylvania Law School
Lawrence A. Cunningham, The George Washington University Law School
Claire A. Hill, University of Minnesota School of Law
John P. Hunt, University of California at Davis School of Law
Moderator: TBA
2:45 p.m. Coffee Break
3:00 p.m. Remarks by Hon. Thomas R. Sullivan, Insurance Commissioner, Connecticut Insurance Department
3:45 p.m. Constraining Capital Markets Risk
Karl Okamoto, Earle Mack School of Law, Drexel University
Paul Rose, Michael E. Moritz College of Law, The Ohio State University
William J. Wilhelm Jr., McIntire School of Commerce, University of Virginia
Moderator: TBA
Registration
Registration is free. Continental breakfast and lunch are included for those who register by Monday, April 12, 2010. For inquiries, call Patricia Carbray at 860-570-5184 or send Patricia Carbray an email at Patricia.Carbray@law.uconn.edu. Out-of-town guests may book rooms at the Hartford Downtown Marriott.
If you require reasonable accommodation for a disability, please call Jane Thierfeld Brown at 860-570-5130 at least two weeks in advance.
Directions to the Law School: http://www.law.uconn.edu/content/map-school-law-campus
