The Centre for International Governance Innovation (CIGI) is pleased to announce the appointment of Steven L. Schwarcz as Senior Fellow with the think-tank’s International Law Research Program, effective immediately.
At CIGI, Schwarcz is the lead author of a response document to the Financial Stability Board. His research will examine the legal implications of cross-border effectiveness of resolution measures, and whether or not contractual approaches are viable in the absence of statutory frameworks.
Schwarcz is the Stanley A. Star Professor of Law & Business at Duke University and is the founding director of Duke’s interdisciplinary Global Financial Markets Center. His areas of research and scholarship include insolvency and bankruptcy law; international finance, capital markets and systemic risk; and commercial law.
“Steven Schwarcz is renowned as a highly prolific, leading light in the complex field of international financial law. We are delighted to have Steven join us as we embark on research on international and transnational regulation of sovereign debt and cross border insolvency resolution. His work at CIGI will be a major contribution to the think-tank’s advancement of global governance policy solutions,” says Oonagh Fitzgerald, Director of the International Law Research Program at CIGI.
“I am delighted and honoured to have this opportunity to work with CIGI in helping the international financial community to increase the effectiveness and legal certainty of measures designed to stabilize troubled financial firms and mitigate systemic risk,” says CIGI Senior Fellow Steven L. Schwarcz.
Prior to joining the Duke faculty, Schwarcz was a partner at two leading international law firms where he represented top banks and other financial institutions in structuring innovative capital market financing transactions, both domestic and international. Schwarcz has been the Leverhulme Visiting Professor at the University of Oxford, visiting professor at the University of Geneva Faculty of Law, senior fellow at the University of Melbourne Law School and an adviser to the United Nations.
Schwarcz has testified before the US Congress on topics including systemic risk, securitization, credit rating agencies and financial regulation, and has advised several US and foreign governmental agencies on the financial crisis and shadow banking. He is a fellow of the American College of Bankruptcy, a founding member of the International Insolvency Institute, a fellow of the American College of Commercial Finance Lawyers and business law adviser to the American Bar Association Section on Business Law.
The International Law Research Program at CIGI is a $60 million, 10-year initiative launched in 2013. It aims to develop Ontario’s knowledge economy, and is building world-class intellectual strengths to help shape the international law frameworks that are vital to Canada’s prosperity. Jointly funded by CIGI and Ontario’s Ministry of Training, Colleges and Universities, the program supports up to 19 fellowships and up to 20 graduate scholarships to advance research on international law. For more information on the law program and CIGI Senior Fellow Steven Schwarcz, please visit www.cigionline.org/law.
Kevin Dias, Communications Specialist, CIGI
Tel: 519.885.2444 ext. 7238 Email: [email protected]
The Centre for International Governance Innovation (CIGI) is an independent, non-partisan think tank on international governance. Led by experienced practitioners and distinguished academics, CIGI supports research, forms networks, advances policy debate and generates ideas for multilateral governance improvements. Conducting an active agenda of research, events and publications, CIGI’s interdisciplinary work includes collaboration with policy, business and academic communities around the world. CIGI was founded in 2001 by Jim Balsillie, then co-CEO of Research In Motion (BlackBerry), and collaborates with and gratefully acknowledges support from a number of strategic partners, in particular the Government of Canada and the Government of Ontario. For more information, please visit www.cigionline.org.