Steven L. Schwarcz is a senior fellow, effective October 2014, with CIGI’s International Law Research Program.
At CIGI, Steven will be the lead author on 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.
Steven 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.
Prior to joining the Duke faculty, Steven 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. He 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.
Steven 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.
Steven has given numerous distinguished public lectures, including at the University of Hong Kong, the University of Oxford, Georgetown University Law Center, National University of Singapore and The National Assembly of the Republic of Korea.