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Professor Henry Hu Delivers Keynote Address at the Peace Palace, The Hague, on “Financial Innovation, Systemic Risk, and Courts”

Professor Henry Hu, Allan Shivers Chair in the Law of Banking and Finance at the University of Texas School of Law, delivered the keynote address at an experts’ roundtable held at the Peace Palace, The Hague, on October 25, 2010. The address, “Financial Innovation, Systemic Risk, and Courts,” was part of a roundtable on a potential international dispute resolution facility for financial markets. Other speakers included Lord Woolf of Barnes, former lord chief justice of England and Wales; Nout Wellink, chairman of the Basel Committee on Banking Supervision and president of the Nederlandsche Bank; and Eddy Wymeersch, chairman of the Committee of European Securities Regulators. Hosted by the World Legal Forum, the roundtable was subject to the Chatham House Rule.

Hu participated in his academic capacity rather than in his current role as the director of the Division of Risk, Strategy, and Financial Innovation at the U.S. Securities and Exchange Commission. Hu’s research has centered on the law and economics of capital market innovations and corporate governance. He is best known for his articles on systemic and other risks posed by derivatives and other financial innovations and on “decoupling,” which introduced terms like “empty creditors,” “empty voters,” and “hidden (morphable) ownership”.

Contact: Kirston Fortune, UT Law Communications, 512-471-7330, kfortune@law.utexas.edu

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