First Annual Conference on the Regulation of Financial Markets

Co-hosted by the Center for Financial Policy and the Securities and Exchange Commission’s Division of Economic and Risk Analysis

May 16, 2014
8:30am-5:30pm - Conference (arrive by 8am for security clearance)
6:30pm - Conference dinner

Securities and Exchange Commission Headquarters 
100 F Street NE, Washington, D.C.

Highlights: SEC Joins Smith School of Business at DC Event
Financial regulators and researchers explored new ideas on May 16, 2014, during a daylong conference co-hosted by the Securities and Exchange Commission and the Center for Financial Policy at the University of Maryland’s Robert H. Smith School of Business.

The SEC and the Center for Financial Policy at the Robert H. Smith School of Business are pleased to jointly host a conference on the regulation of financial markets. The goal of the conference is to bring together participants from academia and the SEC for an exchange of views on topics of relevance to the Commission.

Paper presentations:

Corporate Finance

  • Corporate Use of Social Media, Michael Jung, New York University | download paper
  • The Effect of the Say-on-Pay Vote in the U.S., Peter Iliev, Pennsylvania State University | download paper

Market Microstructure

  • Order Flow Segmentation and the Role of Dark Pool Trading in the Price Discovery of US Treasury Securities, Giang Nguyen, University of North Carolina | download paper
  • The High-Frequency Trading Arms Race: Frequent Batch Auctions as a Market Design Response, Eric Budish, University of Chicago | download paper

Financial Intermediaries

  • The Rise and Fall of Securitization, Sergey Chernenko, Ohio State University | download paper
  • Alternatives for Issuer-Paid Credit Rating Agencies, Dion Bongaerts, Erasmus University | download paper

Asset Management

  • Governance Under the Gun: Spillover Effects of Hedge Fund Activism, Nick Gantchev, University of North Carolina | download paper
  • Are Some Clients More Equal than Others? Evidence of Price Allocation by Delegated Portfolio Managers, Ryan Israelsen, Indiana University | download paper

View the full agenda.