Securities markets in the United States and around the world have undergone extraordinary changes over the last 50 years. As a result of globalization, the emergence of innovative technologies, and decisions at the federal and international levels, modern markets represent a dramatically different environment for trade than the markets just a few decades ago. These significant market changes have generated gaps in existing knowledge of how markets operate.
There is an urgent need for a comprehensive and systematic evaluation of securities markets and their effective regulation.
This conference marks the first phase of a multi-year project that promises a bold new vision for regulatory reform.