Law Review hosts ‘The Future of Financial Intermediation’ symposium on March 27
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Office of Communications and Public Relations
February 6, 2015
The Wake Forest Law Review will host its Spring 2015 symposium, “The Future of Financial Intermediation,” on Friday, March 27, in the Worrell Professional Center, Room 1312. The event, which is co-sponsored by the BB&T Center for the Study of Capitalism, is free and open to the public. The North Carolina Bar Association has approved the symposium for 4.5 hours of CLE credit.
Just as disintermediation is remaking the way goods and services are sold (think eBay, Craigslist, Airbnb), we seem to be heading toward greater disintermediation in financial markets.
In capital formation, newcomers such as crowdfunding and peer-to-peer lending are obvious examples. In corporate structures, conglomerates and combined firms have increasingly been displacing intermediated equity markets. But there are counter-currents: financial intermediaries (like mutual funds, hedge funds, and sovereign wealth funds) continue to grow and dig in.
This symposium will take a look at the future of financial disintermediation, according to the journal’s editors. What role does (and can) law play in shaping and responding to that future? What adaptations are appropriate for traditional securities disclosure and oversight regimes? How do decentralized structures affect rules on internal controls or the laws governing corporate groups? How do these changes affect the long-term versus short-term thinking of investors and managers?
“These are among the many lines of inquiry that the Wake Forest Law Review seeks to explore,” says Symposium Editor Kenny Cushing (’15).
The hosts of the symposium are Wake Forest’s own Associate Dean of Graduate Programs Alan Palmiter, Professor of Business Law Howard L. Oleck, and Assistant Professor of Law Andrew Verstein.
Symposium distinguished guests include:
Michael B. Abramowicz, Professor of Law, Georgetown University
Lawrence A. Cunningham, Henry St. George Tucker III Research Professor of Law Director, C-LEAF in New York, George Washington University
Onning H. Dombalagian, George Denégre Professor of Law, Tulane University
Kathryn Judge, Associate Professor of Law, Milton Handler Fellow, Columbia University
Tom C.W. Lin, Associate Professor of Law, Temple University
Patricia A. McCoy, Liberty Mutual Insurance Professor of Law, Boston College
Dale A. Oesterle, J. Gilbert Reese Chair in Contract Law, Ohio State University
Francisco Reyes Villamizar, Superintendent of Companies in Colombia
Usha Rodrigues, Associate Dean for Faculty Development, M.E. Kilpatrick Chair of Corporate Finance and Securities Law, University of Georgia
Erik Vermeulen, Professor of Business & Finance Law, Tilburg University
CLE credit from the North Carolina Bar Assocation (NCBA) is pending approval.
The schedule is as follows:
8:30-9:00 Continental Breakfast
9:00-9:10 Introductory Remarks
Editor-In-Chief Denton Worrell
Interim Dean Suzanne Reynolds (’77)/Academic Dean Ron Wright
Professor Alan Palmiter
9:10-10:00 PEER-TO-PEER DISINTERMEDIATION
Michael Abramowicz, Peer-to-Peer Insurance
Kathryn Judge, Capital is Fungible: The Diverging Paths of Peer-to-Peer Lending and Kickstarter
Moderator: Professor Andrew Verstein
10:00-10:10 Short Break
10:10-11:00 DEGREES OF INTERMEDIATION
Patricia McCoy, Evaluating Degrees of Disintermediation From a Consumer Protection Point of View
Tom Lin Infinite, Financial Intermediation
Moderator: Professor Andrew Verstein
11:00-11:15 Morning Break (Refreshments Provided)
11:15-12:05 NEW DIRECTIONS IN FINANCIAL INTERMEDIATION
Onning Dombalagian, Exchanges, Listless?: The Future of Listing
Dale Oesterle, Investing in the Internet Age: Crowdfunding has Moved into the Intermediary Market
Moderator: Alan Palmiter
1:15-2:00 BERKSHIRE’S DISINTERMEDIATION
Introduction: Alan Palmiter
Larry Cunningham, Berkshire’s Disintermediation
2:00-2:15 Afternoon Break (Refreshments Provided)
2:15-3:05 DISINTERMEDIATED CORPORATE GOVERNANCE
Francisco Reyes, Foundations and Evolution of the Colombian Simplified Corporation
Erik Vermeulen, Corporate Governance in a Networked Age
Moderator: Usha Rodrigues
Category: Student Life | Tag: Alan Palmiter, Andrew Verstein, BB&T Center for the Study of Capitalism, Business Law, CLE, financial disintermediation, North Carolina Bar Association, Symposium, Wake Forest Law Review