Lessons Learned? Brooksley Born & the OTC Derivatives Market (B)
Posted: 12 Mar 2012
Date Written: November 4, 2010
This (B) case provides the 2009 reflections of former SEC Chairman Arthur Levitt on CFTC Chairman Brooksley Born's 1998 efforts to consider regulating the OTC derivative market. It also provides a summary of the aspects of the 2010 Dodd-Frank Act that regulate these derivatives.
Learning Objective: To understand one of the failures that contributed to the financial crisis and to explore what policy makers, regulators and business leaders could have done differently.
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