Hal Scott (@HalScott_HLS) header
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Hal Scott

@HalScott_HLS

Prof @ Harvard Law School - teaching, research, writing, consulting & advocacy on domestic & international financial regulation, US cap. markets competitiveness

 Cambridge, MA
linkedin.com/in/hal-s-scott
Joined July 2012
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Photo by Hal Scott (@HalScott_HLS)Photo by Hal Scott (@HalScott_HLS)Photo by Hal Scott (@HalScott_HLS)Photo by Hal Scott (@HalScott_HLS)Photo by Hal Scott (@HalScott_HLS)Photo by Hal Scott (@HalScott_HLS)Photo by Hal Scott (@HalScott_HLS)Photo by Hal Scott (@HalScott_HLS)
Can crypto exchanges register with the SEC? No. ft.com/content/fa6f17e9-48cb…
Investors at risk in absence of adequate US crypto regulatory regime

Investors at risk in absence of adequate US crypto regulatory regime

SEC rulebook makes it difficult to register as a securities exchange

ft.com
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Here is a clip of me discussing the SVB situation on Bloomberg TV from earlier today. bloomberg.com/news/videos/20…

Watch Harvard's Scott: Biden Doesn't Need To Change Bank Regulation - Bloomberg

Hal Scott, Harvard Law School Professor Emeritus, joined "Bloomberg Markets: Americas" with Alix Steel and Guy Johnson on Monday morning to discuss potential regulations the Biden Administration...

bloomberg.com
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The Committee on Capital Markets Regulation released a map demonstrating the unprecedented burden and overlapping requirements of the SEC’s regulatory actions under Chair Gensler over the past 14 months. Here it is.
Image from Hal Scott (@HalScott_HLS)
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Today, the Committee on Capital Markets Regulation released a report setting forth recommendations for the SEC that address payment for order flow and off-exchange trading in U.S. equity markets. See the report here: bit.ly/38xbyVm.
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Today the Committee on Capital Markets Regulation released a report on what we do - and don't - know about the Treasury market disruption in March 2020: capmktsreg.org/wp-content/up…
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And here's a summary from @johnauthers: bloomberg.com/opinion/articl…
The Bond Market’s Weird and Scary Breakdown Is Still a Riddle

The Bond Market’s Weird and Scary Breakdown Is Still a Riddle

One year on, we’re far from getting to the bottom of that bizarre spike in Treasury yields.

bloomberg.com
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ICYMI, the replay of our fascinating conversation between @SvonFriedeburg, @Diop_IFC , @rezabaqir @HalScott_HLS Jamie Sprayregen, Rosa Sacre and Ramiro Alfonsín Balza on the critical building blocks for effective corporate debt restructuring, check out the full recording below.
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Here’s how the Fed can do more to support US small business ft.com/content/0d0b0f48-df3c… via @financialtimes
Here’s how the Fed can do more to support US small business

Here’s how the Fed can do more to support US small business

The Paycheck Protection Program is not doing enough to help many needy borrowers

ft.com
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@capmktsreg @PeterContiBrown @GeorgeSelgin @ProfKateJudge @jeannasmialek @NickTimiraos @arappeport
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It is too soon to shut down US pandemic lending programmes ft.com/content/6e23fd8c-d2bf… via @financialtimes
It is too soon to shut down US pandemic lending programmes

It is too soon to shut down US pandemic lending programmes

Joe Biden should tell Fed to resist Steven Mnuchin’s demands

ft.com
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Good @PeterContiBrown overview of where things stand regarding the CARES Act emergency lending facilities, but I’m not as optimistic about the remaining options, especially for lending to Main Street businesses. 1/
David Wessel (@davidmwessel) profile pictureDavid Wessel
@davidmwessel24 Nov 2020
New from @PeterContiBrown : "What’s next for the Treasury-Fed COVID-19 lending facilities?" brook.gs/3o543uz via @BrookingsInst Hutchins Center
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If the Fed returns “unused” funds, as Secretary Mnuchin has requested, they cannot be reinvested in the emergency facilities without Congressional approval – it would clearly be a “new investment” by Treasury under the CARES Act. 3/
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By returning the CARES Act funds, the Fed would thus limit future Secretary Yellen’s (and its own) ability to continue or expand Main Street lending without additional sign-off from Congress, which may not be forthcoming. 4/4
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Please see below for my latest WSJ op-ed, supported by Charles Calomiris, among others! wsj.com/articles/main-street…
Opinion | Main Street Needs More Fed Help

Opinion | Main Street Needs More Fed Help

Right now, getting aid to small businesses is more important than protecting the Treasury’s investment.

wsj.com
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Hal Scott, Glenn Hubbard and John Thornton statement to prevent a liquidity crisis: capmktsreg.org/wp-content/up…
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Today the Program on International Financial Systems released my report on the use and regulation of cloud computing in the financial sector. @gulliver_john @hillelnadler pifsinternational.org/wp-con…
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Special thanks to Commerce Minister Suresh Prabhu who addressed our Symposium on the inaugural evening in New Delhi. @sureshpprabhu
Image from Hal Scott (@HalScott_HLS)
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Special thanks to SEBI Chairman Ajay Tyagi who addressed our Symposium today in New Delhi @SEBI_India @NITIAayog @nipfp_org_in @PLRChambers
Image from Hal Scott (@HalScott_HLS)
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Harvard, NITI Aayog and NIPFP looks forward to the India-US Symposium on “Building Financial Systems of the 21st Century”
Image from Hal Scott (@HalScott_HLS)
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