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New Atlanticist

Jan 23, 2014

Getting to Yes on Transatlantic Financial Regulation

By Chris Brummer

As 2014 gets underway, signs of a fraying regulatory relationship between the European Union and the United States seem to be everywhere. The US Federal Reserve’s tough new regulations on foreign banks have spurred the European Commission to threaten retaliation. Progress toward reconciling US and EU rules on derivatives – one of the main causes of the […]

Press Release

Dec 10, 2013

New Study Warns of the Danger of Divergent Financial Regulations in the Transatlantic Community

WASHINGTON – A new report out today entitled The Danger of Divergence: Transatlantic Financial Reform & the G20 Agenda by the Atlantic Council, Thomson Reuters, and TheCityUK examines the state of financial regulatory reform in the United States and the European Union. It highlights the dangers that regulatory divergence can pose to both financial stability […]

Report

Dec 10, 2013

The Danger of Divergence: Transatlantic Financial Reform & the G20 Agenda

By Chris Brummer

Since the last report on this topic—The Danger of Divergence: Transatlantic Cooperation on Financial Reform, published in 2010 by the Atlantic Council and Thomson Reuters—the United States and Europe have worked to translate an ever-growing body of international financial regulations into legally binding domestic regulations. Although this process has been largely harmonious and remarkably consistent, […]

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Chris Brummer is a nonresident senior fellow with the Atlantic Council’s GeoEconomics Center. He focuses on the regulatory dimension of finance and trade, on global governance, as well as on transatlantic and global economic cooperation issues. In 2012, Brummer was awarded the Atlantic Council’s C. Boyden Gray Fellowship for Global Finance and Growth. He previously launched the Atlantic Council’s Transatlantic Finance Initiative, serving as the rapporteur of the Danger of Divergence: Transatlantic Financial Reform & the G20 Agenda, and has led the council’s efforts examining RMB internationalization.

Brummer is the director of Georgetown’s Institute of International Economic Law, one of the leading centers for the study of international economic law and policy in the world. 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. Brummer lectures on finance and global governance, securities and derivatives regulation, market microstructure, and international trade.

He has served on various NASDAQ delistings panels and has recently concluded a three-year term at the Financial Industry Regulatory Authority’s national adjudicatory council. Previously, Brummer practiced corporate and securities 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. In 2016, former US President Barack Obama nominated Brummer to the US Commodity Futures Trading Commission.

Brummer earned his JD, with honors, from Columbia Law School and he holds a PhD in Germanic studies from the University of Chicago. Brummer is the author of two books: Soft Law and the Global Financial System: Rule Making in the 21st Century (Cambridge University Press, 2nd edition 2015) and Minilateralism: How Trade Alliances, Soft Law, and Financial Engineering are Redefining Economic Statecraft (Cambridge University Press, 2014). Brummer is a fluent German and French speaker.