***TODAY*** Back to the Future: James M. Landis, Regulatory Purpose and the Rationale for Intervention in Capital Markets
|Date :||Mon 28 Jan 13|
|Time :||6pm - 7pm|
|Location :||Newman House, St. Stephen's Green, Dublin 2|
The inaugural lecture of Professor Justin O’Brien as Visiting Professor in the UCD School of Law and UCD Centre for Regulation and Governance.
Please note that this lecture is free of charge. To book your place, please complete the registration form below.
The LIBOR scandal has exposed as never before the deleterious effect of piecemeal erosion of purpose through ad hoc re-framing of regulatory instruments in response to scandal. The negotiated compromises have resulted in the elevation of complexity over parsimony. The trade-off has resulted in a sub-optimal design that privileges the most powerful material and ideational powerbrokers. The paper argues that credible, sustainable reform necessitates revisiting the initial framing of capital market regulation. This in turn requires re-examining the normative impulses that informed the key architects of the administrative state, most notably the political thought of James M. Landis, the driving force behind state involvement in capital market governance.
Professor Justin O’Brien is Professor of Law and Director of the Centre for Law, Markets and Regulation at the University of New South Wales and a Visiting Professor at UCD School of Law and the UCD Centre for Regulation and Governance.
Professor O'Brien is a specialist in the dynamics of financial regulation, with particular reference to capital market governance. He has written extensively on the intersection between regulatory form and ethical considerations. He is the recipient of a range of major grants from the Australian Research Council and the Economic and Social Research Council in the United Kingdom. He is the author of a trilogy of books on regulatory politics: Wall Street on Trial (2003); Redesigning Financial Regulation (2007); and Engineering a Financial Bloodbath (2009). In addition he has edited a series of collections on corporate governance, including Governing the Corporation (2005); Private Equity, Corporate Governance and the Dynamics of Capital Market Governance and Corporate Business Responsibilities (2009). He is co-editor (along with Iain MacNeil of the University of Glasgow) of a major volume on the legal, policy and regulatory implications of the Global Financial Crisis, The Future of Financial Regulation (2010).
Professor O'Brien has held appointments at Queen's University, Belfast, Charles Stuart University and Queensland University of Technology. He has been affiliated to the Center for the Study of Law and Society at the University of California, Berkeley as a Visiting Scholar and at the University of Glasgow, where he was Visiting Professor of Financial Regulation and Policy. He is an Adjunct Professor at the Australian National University division of the Centre for Applied Philosophy and Public Ethics.
Prior to taking up a career in academia Professor O'Brien was an investigative journalist for a range of national and international broadcasters, including three divisions of the British Broadcasting Corporation - Network News and Current Affairs, BBC Northern Ireland and BBC World Service. He was also Editor, Television Current Affairs at Ulster Television in Belfast. He is a regular commentator on financial regulation to the national and international media and writes regularly for the Irish Times and the Australian Financial Review.