Hal Scott

Can crypto exchanges register with the SEC? No. ft.com/content/fa6f17…

Here is a clip of me discussing the SVB situation on Bloomberg TV from earlier today. bloomberg.com/news/videos/20…

The Committee on Capital Markets Regulation released a map demonstrating the unprecedented burden and overlapping requirements of the SEC’s regulatory actions under Chair Gensler over the past 14 months. Here it is.

Today, the Committee on Capital Markets Regulation released a report setting forth recommendations for the SEC that address payment for order flow and off-exchange trading in U.S. equity markets. See the report here: bit.ly/38xbyVm.

And here's a summary from @johnauthers: bloomberg.com/opinion/articl…

Today the Committee on Capital Markets Regulation released a report on what we do - and don't - know about the Treasury market disruption in March 2020: capmktsreg.org/wp-content/upl…

ICYMI, the replay of our fascinating conversation between @SvonFriedeburg, @Diop_IFC , @rezabaqir @HalScott_HLS Jamie Sprayregen, Rosa Sacre and Ramiro Alfonsín Balza on the critical building blocks for effective corporate debt restructuring, check out the full recording below.

@capmktsreg @PeterContiBrown @GeorgeSelgin @ProfKateJudge @jeannasmialek @NickTimiraos @arappeport

Here’s how the Fed can do more to support US small business ft.com/content/0d0b0f… via @financialtimes

It is too soon to shut down US pandemic lending programmes ft.com/content/6e23fd… via @financialtimes

By returning the CARES Act funds, the Fed would thus limit future Secretary Yellen’s (and its own) ability to continue or expand Main Street lending without additional sign-off from Congress, which may not be forthcoming. 4/4

If the Fed returns “unused” funds, as Secretary Mnuchin has requested, they cannot be reinvested in the emergency facilities without Congressional approval – it would clearly be a “new investment” by Treasury under the CARES Act. 3/

Good @PeterContiBrown overview of where things stand regarding the CARES Act emergency lending facilities, but I’m not as optimistic about the remaining options, especially for lending to Main Street businesses. 1/

Please see below for my latest WSJ op-ed, supported by Charles Calomiris, among others! wsj.com/articles/main-…

Hal Scott, Glenn Hubbard and John Thornton statement to prevent a liquidity crisis: capmktsreg.org/wp-content/upl…

Today the Program on International Financial Systems released my report on the use and regulation of cloud computing in the financial sector. @gulliver_john @hillelnadler pifsinternational.org/wp-content/upl…

Special thanks to Commerce Minister Suresh Prabhu who addressed our Symposium on the inaugural evening in New Delhi. @sureshpprabhu

Special thanks to SEBI Chairman Ajay Tyagi who addressed our Symposium today in New Delhi @SEBI_India @NITIAayog @nipfp_org_in @PLRChambers

@NITIAayog @nipfp_org_in @amitabhk87 @PLRChambers @FinMinIndia @SEBI_India twitter.com/HalScott_HLS/s…