Regulating Risk
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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.
Confirmed Speakers
Keynote Address: William D. Cohan, author of a House of Cards: A Tale of Hubris and Wretched Excess on Wall Street and The Last Tycoons: Secret History of Lazard Freres
Special Remarks: Hon. Joel Ario, Insurance Commissioner, Pennsylvania Department of Insurance Hon. Thomas R. Sullivan, Insurance Commissioner, Connecticut Insurance Department Panel Speakers: Iman Anabtawi, UCLA School of Law Tom Baker, University of Pennsylvania Law School Larry A. Cunningham, The George Washington University Law School Steven M. Davidoff, University of Connecticut School of Law Jeffrey N. Gordon, Columbia Law School Claire A. Hill, University of Minnesota School of Law John P. Hunt, University of California at Davis School of Law Patricia A. McCoy, University of Connecticut School of Law Karl Okamoto, Earle Mack School of Law, Drexel University Paul Rose, Michael E. Moritz College of Law, The Ohio State University Charles K. Whitehead, Cornell Law School William J. Wilhelm Jr., McIntire School of Commerce, University of Virginia David Zaring, The Wharton School, University of Pennsylvania Registration Register now! 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.