Chris Brummer

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Chris Brummer

IIEL Director

International Financial Regulation, International Monetary Affairs, and International Trade

Follow Chris on his Facebook, Twitter, LinkedIn, and his professional and research blogs.

Chris Brummer is a professor of law and the faculty director of Georgetown’s Institute of International Economic Law. Prior to joining Georgetown’s faculty with tenure in 2009, Brummer was an assistant professor of law at Vanderbilt Law School. He has also taught at several leading universities as a visiting professor including the universities of Basel, Heidelberg, and the London School of Economics.

Professor Brummer recently concluded a three year term as a member of the National Adjudicatory Council of FINRA, an organization empowered by Congress to regulate the securities industry, where his work was praised as making a significant contribution to advancing investor protection.  Notably, Professor Brummer and his colleagues became targets of extensive defamatory online attacks by Wall Street financier Benjamin Wey in retaliation for barring his business associates for fraudulently marketing securities of Deer Consumer Products Inc.  Since then, Mr. Wey has been arrested and charged by the US Department of Justice with money laundering, wire fraud and securities fraud involving Deer stocks and other securities. Mr. Wey’s associates were also later arrested and indicted for other federal securities law violations in Cleveland, Ohio.

Professor Brummer lectures widely on finance and global governance, as well as on public and private international law, market microstructure and international trade. Mr. Brummer is the author of several books, most recently Minilateralism: How Trade Alliances, Soft Law and Financial Engineering are Redefining Economic Statecraft (2014). He is also the rapporteur of the widely respected policy report, The Danger of Divergence: Transatlantic Financial Reform & the G20 Agenda (2013), available here. His latest policy analysis examines the rise of China’s currency in international payments and the need for supplemental market and regulatory reforms in Renminbi Ascending: How China’s Currency Impacts Global Markets, Foreign Policy, and Transatlantic Financial Regulation, available here.

Chris Brummer earned his J.D. from Columbia Law School, where he graduated with honors, and he holds a Ph.D. in Germanic Studies from the University of Chicago. Before becoming a professor, he practiced law in the New York and London offices of Cravath, Swaine & Moore LLP. In 2011, he joined the Washington offices of the Milken Institute where he is a senior fellow. Subsequently in 2012, he was awarded the C. Boyden Gray Fellowship for Global Finance and Growth at the Atlantic Council, where he launched the think tank’s Transatlantic Finance Initiative.

 

Featured Scholarship Curriculum Vitae

News

JULY 12, 2017

Faculty Director Chris Brummer Launches New Blog, Hedged Positions

IIEL Director Chris Brummer launched this month a new interdisciplinary blog, Hedged Positions, to cover issues in international trade, finance and monetary relations.  He plans to likewise launch a research blog for students and researchers interested in international economic law in the near future.

JUNE 2, 2017

Chris Brummer Writes Op-Ed on Populism’s Minilateral Foreign Policy

IIEL Director Chris Brummer analyzes the rise of bilateralism in foreign economic policy in an op-ed blog reprinted in the Huffingtonpost.

MAY 22, 2017

IIEL Congratulates New Graduates

IIEL congratulates the new minted IIEL ​Alumni Fellows and the Georgetown Law Class of 2017.

MARCH 13, 2017

Chris Brummer Named Agnes N. Williams Research Professor

Georgetown Law Professor Chris Brummer and Professor Gregory Klass have been named the 2017 Williams Research Professors. The Williams Professorships, established through the generosity of Agnes N. Williams (L’54), recognize and support the scholarly activities of Georgetown Law faculty. The story can be found here.

FEBRUARY 22, 2017

Chris Brummer Pens Issue Brief on the Renminbi and Systemic Risk

In his IIEL Issue Brief, Renminbi Internationalization and Systemic Risk, IIEL Faculty Director and Williams Research Professor Chris Brummer argues that China’s strategy introduces novel systemic risks to the global financial system, including a potentially inadequate provision of renminbi liquidity, a regulatory race to the bottom between offshore RMB-hubs, and significant transmission belts of financial risk to even non-renminbi markets. To mitigate these risks, he argues for a policy recipe of stronger Mainland macroprudential oversight, transparent countercyclical capital account reforms and credible commitments on the part of the government to refrain from competitive currency devaluations.  The full white paper can be found here.

FEBRUARY 15, 2017

IIEL Hosts the Congressional Black Caucus

On February 15, 2017,  the International Economic Law hosted a reception at Georgetown Law with incoming members of the Congressional Black Caucus.  The full story can be found here.

DECEMBER 2, 2016

Comptroller of the Currency Unveils Fintech Charters at IIEL

On Friday, December 2, 2016, Comptroller of the Currency Thomas J. Curry unveiled at the Institute of International Economic Law a new  process allowing fintech companies to access special purpose national charters. He then fielded questions by IIEL’s Faculty Director, Professor Chris Brummer, on the advantages of the charters, likely prudential and consumer regulations, and next steps for the OCC in administering the program.  The white paper can be found here and coverage by the Wall Street Journal here.  The video can be found here.

OCTOBER 17, 2016

Georgetown Law Hosts Panel on Brexit with EU Ambassadors

On October 17, 2016, IIEL convened a panel of ambassadors from France, Germany, the Slovak Republic (which holds the European Union’s Presidency) and the European Union to discuss the UK’s decision to leave the European Union and the EU’s possible responses.  Professor Brummer moderated the discussion at Georgetown Law.

MARCH 03, 2016

Professor Chris Brummer Nominated to U.S. Commodity Futures Trading Commission

The White House announced today that President Barack Obama has nominated Georgetown Law Professor Chris Brummer to the U.S. Commodity Futures Trading Commission.  Georgetown issued a release and the story is here.

Note: An update can be found here.

JANUARY 05, 2016

The Changing International Economic Order
UPenn Case in Point

As part of a “Case in Point” series at the University of Pennsylvania’s law school, Professor Chris Brummer, IIEL’s Faculty Director, discusses how China and other rising powers are shaping the rules of global trade and finance.

DECEMBER 01, 2015

China’s Renminbi Is Approved by I.M.F. as a Main World Currency
The New York Times
Quoting Professor Chris Brummer

SEPTEMBER 18, 2015
On September 18, 2015, Chris Brummer, IIEL Director evaluated the status of the internationalization of China’s currency alongside Dr. Jin Zhongxia, Executive Director for China at the International Monetary Fund, Gov. Jon Huntsman, Atlantic Council Chairman and former US Ambassador to China, Abel Clark, Global Managing Director at Thomson Reuters,  Shuang Ding, Chief China Economist at Standard Chartered, Jens Nordvig, Head of Fixed Income Research at Nomura Securities, and Dr. Wenjian Fang, Executive Vice President of the Bank of China, New York.
MAY 12, 2015
Wall Street’s self-regulator stiffened some of its penalties and issued more aggressive guidelines for dealing with brokers and firms that violate securities rules or commit fraud.  Chris Brummer, a member of the body’s National Adjudicatory Council, is mentioned in story here.
JANUARY 15, 2015
Professor Chris Brummer, along with David Lipton, Barry Eichengreen and David Wessel, Director of the Hutchins Center on Fiscal and Monetary Policy, discuss “The Global Financial Crisis: Lessons from History,” a January 14, 2015 event at the Brookings Institution.
Professor Brummer’s personal pages can be found here and here.

Events

ID Event Name Duration Start Date
IIEL & ITPF February 3rd Conference on Tax Competition 5 Hours February 3, 2017
Comptroller of the Currency Thomas Curry Unveils Fintech Charters at IIEL 1.75 Hours December 2, 2016

ABOUT US

The Institute of International Economic Law is the focal point for the study of international economic law at Georgetown University.

It is also one of the leading centers for international economic law and policy in the world.

Originally focused on trade, the Institute now boasts leading capabilities and international renown in a range of areas including investment and financial regulation, tax, business and monetary law. The Institute actively approaches these fields as interrelated and at times overlapping policy spheres that impact how law is devised, practiced and enforced.

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CONTACT

Institute of International Economic Law
Georgetown Law
600 New Jersey Avenue, NW
Washington, DC 20001

Email
iiel@law.georgetown.edu

Tel.
202.661.6647

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