Steven L. Schwarcz

Steven L. Schwarcz is a CIGI senior fellow and the Stanley A.

Photo of Steven L. Schwarcz
Expertise
International finance and regulation, capital markets and systemic risk
Commercial law
Insolvency and bankruptcy law
Sovereign debt crisis

Bio

Steven L. Schwarcz has been a CIGI senior fellow since October 2014. At CIGI, Steven leads research on systemic risk and financial regulation, corporate governance of systemically important firms, cross-border resolution measures and sovereign debt restructuring.

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 financial regulation, 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, Distinguished Visiting Professor at University College London Faculty of Laws, visiting professor at the University of Geneva Faculty of Law, and senior fellow at the University of Melbourne Law School, as well as 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, a member of the P.R.I.M.E. Finance (Panel of Recognised International Market Experts in Finance) and has been the 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, the National University of Singapore, the University of Copenhagen, Trinity College Dublin School of Law, University College London, Erasmus University Rotterdam, the University of Florence and the National Assembly of the Republic of Korea.

In the News

From this expert

Title Topic Type PDF
Systemic Risk Conference: Lessons Learned and Missed Systemic Risk Event
Systemic Risk in the Financial Sector: Ten Years after the Great Crash Central Banking, Financial Systems, Systemic Risk Books
Systemic Risk in the Financial Sector: Ten Years after the Great Crash Central Banking, Financial Systems, Systemic Risk Books
Systemic Risk in the Financial Sector: Ten Years after the Great Crash Central Banking, Financial Systems, Systemic Risk Books
Systemic Risk in the Financial Sector: Ten Years after the Great Crash Central Banking, Financial Systems, Systemic Risk Books
Using Insights into Human Rationality to Improve Financial Regulation Financial Systems Policy Briefs
Rethinking Regulation with a Decade of Hindsight Financial Systems Opinion
Addressing Excessive Risk Taking in the Financial Sector: A Corporate Governance Approach Financial Systems, Systemic Risk Policy Briefs
Creating Credit from De Facto Collateral Rights Diversity & Inclusion, Financial Systems Policy Briefs
Extending Bankruptcy-resolution Techniques to Protect Financial Stability Financial Systems, Systemic Risk Collected Series
Bondholder Governance Financial Systems, Systemic Risk Policy Briefs
Sovereign Debt Restructuring Roundtable Sovereign Debt Event
Restructuring Sovereign Debt: An English Law Opportunity Sovereign Debt Policy Briefs
Banks Too Big to Fail Need New Legal Duty to Public Central Banking Opinion