Partner Bruce Kraus participated in a panel discussion on “The Importance of Cost Benefit Analysis to Financial Regulations,” on March 12 in Washington, D.C. hosted by the Chamber of Commerce’s Center for Capital Markets Competitiveness. Esteemed legal scholars, regulatory experts, and other thought leaders discussed the role and importance of cost-benefit analysis in regulating capital markets.
Independent regulators can ensure that regulations meet rigorous, transparent analytical standards, without compromising their independence in any way. Yet, almost three years into Dodd-Frank implementation, studies have found that many rules have inadequate or no cost-benefit analysis. Under pressure to complete their work within tight legislative timelines, agencies are cutting corners which leads to impractical and overly burdensome regulations that could be avoided with a careful economic analysis.
Joining Mr. Kraus in the discussion were Steve Bradbury, Partner, Dechert, LLP; Douglas Hotlz-Eakin, President, American Action Forum; Dean Reuter, Vice President and Director, Practice Groups, The Federalist Society; Paul Rose, Fellow, Law and Capital Markets at Ohio State; and Associate Professor of Law, The Ohio State University Moritz College of Law; and Christopher Walker, Fellow, Law and Capital Markets at Ohio State; and Assistant Professor of Law, The Ohio State University Moritz College of Law.
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