Enforcement in the U.S. & Japan, with Lessons from the UK

Capital markets in Tokyo and New York both suffer problems of enforcement, hindering their global competitiveness. In contrast to the NYSE and TSE, the LSE is taking the lead in attracting new listings.

Twelve high-level panelists from Japan, the U.S. and Great Britain, drawn from government, industry, and academia, compare enforcement mechanisms in Japan and the United States, and contrast them with Great Britain’s model. A key focus will be the proper balance among prudential resolution of problems and enforcement; actions against individuals versus corporations; private versus public enforcement, all as affected by concerns for investor protection and competitiveness of markets. 

Jointly hosted by Japan Society and the Program on International Financial Systems at Harvard Law School, Hal S. Scott, Nomura Professor of International Financial Systems, Harvard Law School, will conduct the discussion through a “Socratic dialogue.”

Panelists:

JAPAN
Robert Feldman, Director of Economic Research Department & Managing Director, Morgan Stanley Japan Securities Co., Ltd.
Takatoshi Ito, Professor at Graduate School of Economics, University of Tokyo
Hideki Kanda, Professor of Law, University of Tokyo
Kazumi Okamura, Deputy Secretary-General, Securities and Exchange Surveillance Commission
Takumi Shibata, President & Chief Executive Officer, Nomura Asset Management Co., Ltd.
Yasuhisa Shiozaki, Member of the House of Representatives, former Chief Cabinet Secretary

UNITED STATES
Paul Atkins, Commissioner, United States Securities and Exchange Commission
Brandon Becker, Partner, Wilmer Cutler Pickering Hale and Dorr LLP; Co-Chair, Securities Department; Chair, Broker-Dealer Compliance and Regulation
Thomas A. Russo, Vice Chairman, Lehman Brothers Inc.; Executive Vice President & Chief Legal Officer, Lehman Brothers Holdings Inc.
Linda Chatman Thomsen, Director of the Division of Enforcement, United States Securities and Exchange Commission
Michael Garcia, United States Attorney, Southern District of New York

UNITED KINGDOM
Margaret Cole, Director of Enforcement, Financial Services Authority

Moderator: Hal S. Scott, Nomura Professor of International Financial Systems, Harvard Law School

Agenda
9:30 – 10:15 am     Registration & breakfast buffet
10:15 – 12:30 pm   Panel discussion
12:30 – 1 pm          Audience Q&A
1 – 2                       Buffet lunch

Admission: Corporate members are entitled to a designated number of free admissions to this event, based on their company’s current membership level. These reservations must be made at least 48 hours prior to the event.  Additional corporate registrants and Japan Society individual members at the Patron level and above pay the discounted corporate member rate of $75 for the discussion. Nonmember admission is $100.  The academic, government and NPO admission rate is $50. When payment is required, prepayment must be made, or registration secured, with a credit card. All registrations and cancellations must be made at least 48 hours prior to the event. Substitutions are welcome. 

Register for this event online above or send an email to [email protected]. 

For information only, please contact Tomoko Okuno at 212-715-1247.

Corporate sponsorship provided by

Co-organized by:

Harvard Law School’s Program on International Financial Systems