CHESTER S. SPATT
Pamela R. and Kenneth B. Dunn Professor of Finance; Director, Center for Financial Markets
Former Chief Economist and Director, Office of Economic Analysis, U.S. Securities and Exchange Commission (July 2004-July 2007)
Keynote and Distinguished Speaker Addresses and Policy Discussions:
"Increased Importance of Models: Disclosure, Fair Value and Accounting"
presented as a discussion at the "Model Governance and Model Validation"
Roundtable at University of Pennsylvania on June 1, 2007.
"Challenges to the Structure and Regulation of the Financial Markets,"
presented as an opening address for the afternoon of the Conference of the
Autorite des Marche Financiers on "Structure and Regulation of the Financial
Markets" on May 14, 2007.
"Shareholder Voting and Corporate Governance: Economic Perspectives" presented
at the Rutgers University Conference on "Improving Corporate Governance:
Markets vs. Regulation" on April 20, 2007.
"Public Plan Investment and the Role of Indexing" presented as an Address to
the Pennsylvania Association of Public Employee Retirement Systems Forum on
April 12, 2007.
"Economic Analysis and Cost-Benefit Analysis: Substitutes or Complements?"
presented as a Luncheon Address at the meeting of the Society for Government
Economists and the National Economists Club on March 15, 2007.
"The Economics of FIN 48: Accounting for Uncertainty in Income Taxes" presented
at the Global Knowledge Congress Teleconference on March 8, 2007.
"Penalties and Sanctions for Securities Fraud" presented at the American
Economic Association meetings on January 6, 2007.
"Agency, Disclosure and the Nature of Shareholdings" presented at the
e-learning forum of the National Investor Relations Institute on December 12,
"Remarks Concerning the Pilot Analysis of Removing Pricing Restrictions on
Short Sales: SEC Open Meeting" presented on December 4, 2006.
"Volatility, Price Discovery and Markets," prepared as a Keynote Address at the
Wilton Park Conference on
"Capital Flows and the Safety of Markets" on November 10, 2006.
"Regulatory Competition, Integration and Capital Markets," prepared as a
Keynote Address for the Calgary Center for Research in Finance at the Haskayne
School of Business at the University of Calgary on October 23, 2006.
"Financial Regulation: Economic Margins and 'Unintended Consequences',"
prepared as a Keynote Address for the Washington Area Finance Conference at
George Washington University on March 17, 2006.
"Discussion: An Overview of Bond Market Transparency," presented as a
discussion at the American Finance Association meetings on January 6, 2006.
"The Growth of Derivative Securities," prepared as a Keynote Address for the
"Derivatives-Based Investments" Conference on December 8, 2005.
"Why Private Pensions Matter to the Public Capital Markets," organized by the
Capital Markets Research Center of the McDonough School of Business, Georgetown
University on November 16, 2005.
"Economic Aspects of Hedge Funds," prepared for a Panel Discussion on
"Demystifying Hedge Funds," at the American Enterprise Institute on July 26,
"Governance, the Board and Compensation," prepared for the Keynote Address at
the Carnegie Mellon University - Jones Day Conference on June 9, 2005 for
"Getting Back to Business: Beyond Sarbanes-Oxley" Conference.
"Conflicts of Interest in Asset Management," presented at the Hedge Fund
Regulation and Compliance Conference in New York City on May 12, 2005.
"Broad Themes in Market Microstructure," presented at the Market Microstructure
Meeting - National Bureau of Economic Research, May 6, 2005.
"Regulatory Issues and Economic Principles," presented at the Sixth Maryland
Finance Symposium. "Governance, Markets, and Financial Policy," at the
University of Maryland in College Park on April 1, 2005.
"Frictions in the Bond Market," presented at the Second MTS Conference on
Financial Markets: "The Organization and Performance of Fixed-Income Markets,"
in Vienna on December 16, 2004.
"Executive Compensation and Contracting," presented at the Ohio State-Federal
Reserve Bank of New York - Journal of Financial Economics Conference on "Agency
Problems and Conflicts of Interest in Financial Intermediaries," December 3,