IDEAS home Printed from https://ideas.repec.org/a/ysm/ypfsfc/v4y2022i2p2027-2030.html
   My bibliography  Save this article

Lessons Learned: Brooksley Born

Author

Listed:

Abstract

Brooksley Born, a lawyer with decades of experience in derivatives law, served as chair of the Commodity Futures Trading Commission (CFTC) from 1996 to 1999. At the CFTC, she advocated for federal regulation of the over-the-counter derivatives (OTC) market, but legislation failed to pass. The OTC derivatives market had a central role in the Global Financial Crisis of 2007-09. Born, who returned to private practice after her CFTC term, served as a commissioner on the US Financial Crisis Inquiry Commission, which investigated the causes of the crisis and issued its report in January 2011. This "Lessons Learned" is based on an interview with Ms. Born.

Suggested Citation

  • Haggerty, Maryann, 2022. "Lessons Learned: Brooksley Born," Journal of Financial Crises, Yale Program on Financial Stability (YPFS), vol. 4(2), pages 2027-2030, April.
    • Handle: RePEc:ysm:ypfsfc:v:4:y:2022:i:2:p:2027-2030
    as

    Download full text from publisher

    File URL: https://elischolar.library.yale.edu/cgi/viewcontent.cgi?article=1380&context=journal-of-financial-crises
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Commodity Futures Trading Commission (CFTC); Commodity Futures Modernization Act of 2000; Financial Crisis Inquiry Commission (FCIC); Lehman Brothers bankruptcy; over-the-counter derivatives (OTC) market; systemic risk; unregulated market;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ysm:ypfsfc:v:4:y:2022:i:2:p:2027-2030. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/smyalus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.