Regulatory Outreach for Student Education

Engaging Students in the Debate Over Financial Services Reform

Today’s debate over regulatory reform is a watershed activity in the careers of financial industry professionals. Years ago, similar debates over mandated pre-funding of pension liabilities (ERISA) and the reunification of investment banking with commercial banking (Glass Steagall's repeal) changed the direction of financial market evolution. Opinions may differ on the merits of those changes, but no one disputes their significance.

Without question, college students and young professionals should be well-versed in the issues involved in today's debate. The Regulatory Outreach for Student Education (ROSE) program is the Center's way to give top students, tomorrow's business and finance leaders, opportunities to experience the financial regulatory process up-close.  The ROSE program is designed to put students in touch with the regulators, policy-makers, and industry leaders who are currently shaping the financial regulatory landscape.  We then challenge them to research and articulate their own positions on the most intriguing and interesting issues.  

ROSE Program Blog

Wednesday, May 7, 2014

Fordham Students Critique the FSB's G-SIFI Proposal

CSFME congratulates each of the teams on their excellent work.

Author: David Schwartz J.D. CPA

As part of CSFME's Regulatory Outreach for Student Education (ROSE) program, four teams made up of Fordham University graduate and undergraduate students researched, drafted and submitted comment letters to the Financial Stability Board's January 2014 consultative document entitled Assessment Methodologies for Identifying Non-Bank Non-Insurer Global Systemically Important Financial Institutions.  Each of the teams analyzed the consultative document and critiqued it from their own unique perspectives as graduate and undergraduate students in economics and business.  Though the exercise was carried out as part of their school curriculum, and with the support and encouragement of CSFME's Executive Director, Ed Blount, the comment letters are entirely the work of the student teams.  Given the extremely high quality of the work, Fordham agreed to have the students submit the letters on the university's letterhead. 

For the most part, the students were quite critical of the consultative document.  Each lays out in detail some thoughtful critiques and astute observations of various aspects of the proposal.  These teams should be proud of their work and can find their letters in good company on the FSB's website at:

The individual letters may be read at:  

Fordham School of Business graduate students Matt Henriksson, David Drysdale, Brett Miller, Edmund Tu, and Prarthana Sampath

Fordham University College at Rose Hill students Marrelle Cerven, Nicholas Gliatta, Kevin Harvey, Eric Jensen, and Yaroslav Bazalyuk

Gabelli School of Business undergraduates Nicholas Alemann, Nicholas Belfanti, Brett Biestek, Samual Godsey, Joseph Lauberth, and Muhammad Sarwar

Economics undergraduates Yelena Aleynik, Maryanne Caramina, Arthur Esteves-Ferreira, and Ellen Fishbein

CSFME congratulates each of the teams on their excellent work.