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Chris Brummer


Agnes N. Williams Research Professor; Faculty Director, Institute of International Economic Law, Professor of Law

A.B., Washington University in St. Louis; J.D., Columbia; Ph.D., University of Chicago

Areas of Expertise:

Business Organizations and Securities Regulation, International Finance, International Law

Chris Brummer is Agnes N. Williams Research Professor and Faculty Director of Georgetown's Institute of...

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Chris Brummer is Agnes N. Williams Research Professor and 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. (For more, see Professor Brummer's professional blog, Hedged Positions, and his academic blog, Scholarly Pursuits.

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 has been 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 Professor Brummer's role in 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 found guilty of other federal securities law violations in Cleveland, Ohio.

Professor Brummer was nominated twice by President Obama in 2016 and 2017 to serve as a Commissioner on the Commodity Futures Trading Commission. He received unanimous approval in the vote by the Senate Agriculture Committee, though no floor vote was immediately scheduled after the election. The nomination was withdrawn by President Trump.

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 current research focuses on China's internationalization of its currency, the Renminbi, and the regulation of financial technology. 

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. He has also served as a Senior Fellow at the Milken Institute and 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

  • Chris Brummer, Soft Law and the Global Financial System: Rule Making in the 21st Century (New York: Cambridge University Press 2d ed. 2015).    [BOOK]
  • Chris Brummer, Disruptive Technology and Securities Regulation, 84 Fordham L. Rev. 977-1052 (2015).    [HEIN] [W] [SSRN] [WWW]
  • Chris Brummer, Minilateralism: How Trade Alliances, Soft Law and Financial Engineering Are Redefining Economic Statecraft (Cambridge, U.K.: Cambridge University Press 2014).    [BOOK]
  • Chris Brummer, James R. Barth, Tong (Cindy) Li & Daniel E. Nolle, Systemically Important Banks (SIBs) in the Post-Crisis Era: The Global Response and Responses Around the Globe for 135 Countries, in The Oxford Handbook of Banking 617-664 (Allen N. Berger, Philip Molyneux & John O.S. Wilson eds., Oxford: Oxford University Press 2d ed. 2015).    [BOOK]
  • Chris Brummer & Rachel Loko, The New Politics of Transatlantic Credit Rating Agency Regulation, in Transnational Financial Regulation After the Crisis 154-176 (Tony Porter ed., Abingdon, U.K.: Routledge 2014).    [BOOK]
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All Scholarship 2004 - Present

Forthcoming Works and Works in Progress

  • Chris Brummer, The Renminbi and Systemic Risk, (working paper).    [SSRN]

Books

  • Chris Brummer, Soft Law and the Global Financial System: Rule Making in the 21st Century (New York: Cambridge University Press 2d ed. 2015).    [BOOK]
  • Renminbi Ascending: How China’s Currency Impacts Global Markets, Foreign Policy, and Transatlantic Financial Regulation (Chris Brummer, Rapporteur, Wash., D.C.: Atlantic Council 2015).   
  • Chris Brummer, Minilateralism: How Trade Alliances, Soft Law and Financial Engineering Are Redefining Economic Statecraft (Cambridge, U.K.: Cambridge University Press 2014).    [BOOK]
  • The Danger of Divergence: Transatlantic Financial Reform & the G20 Agenda (Chris Brummer, Rapporteur, Wash., D.C.: Atlantic Council 2013).   
  • Chris Brummer, Soft Law and the Global Financial System: Rule Making in the 21st Century (New York: Cambridge University Press 2012).    [BOOK]

Contributions to Law Reviews and Other Scholarly Journals

  • Chris Brummer, Disruptive Technology and Securities Regulation, 84 Fordham L. Rev. 977-1052 (2015).    [HEIN] [W] [SSRN] [WWW]
  • Chris Brummer & Joost Pauwelyn, Editors' Note, 18 J. Int'l Econ. L. 709-710 (2015).   
  • Chris Brummer, Lissa Broome, Michael Helfer, Cyrus Amir-Mokri, Robert Hocket & Nick O'Neill, Panel: Domestic Bank Regulation in a Global Environment — A Comparative Dialogue, 17 N.C. Banking Inst. 1-27 (2013).    [HEIN] [WWW]
  • Chris Brummer, Introductory Note to the Financial Stability Board Charter, 51 I.L.M. 828-829 (2012).    [HEIN]
  • Chris Brummer, How International Financial Law Works (And How It Doesn't), 99 Geo. L.J. 257-327 (2011).    [HEIN] [W] [SSRN]
  • Chris Brummer, Post-American Securities Regulation, 98 Cal. L. Rev. 327-383 (2010).    [HEIN] [W] [SSRN] [WWW]
  • Chris Brummer, Why Soft Law Dominates International Finance—And Not Trade, 13 J. Int'l Econ. L. 623-643 (2010).    [W] [SSRN] [WWW]
  • Chris Brummer, Territoriality as a Regulatory Technique: Notes from the Financial Crisis, 79 U. Cin. L. Rev. 499-526 (2010).    [HEIN] [W] [SSRN]
  • Chris Brummer, Corporate Law Preemption in an Age of Global Capital Markets, 81 S. Cal. L. Rev. 1067-1114 (2008).    [HEIN] [W] [SSRN]
  • Chris Brummer, Regional Integration and Incomplete Club Goods: A Trade Perspective, 8 Chi. J. Int'l L. 535-551 (2008).    [HEIN] [W] [SSRN]
  • Chris Brummer, Stock Exchanges and the New Markets for Securities Laws, 75 U. Chi. L. Rev. 1435-1491 (2008).    [HEIN] [W] [SSRN]
  • Chris Brummer, The Ties That Bind? Regionalism, Commercial Treaties, and the Future of Global Economic Integration, 60 Vand. L. Rev. 1349-1408 (2007).    [HEIN] [W] [SSRN]
  • Chris Brummer, Note, Sharpening the Sword: Class Certification, Appellate Review, and the Role of the Fiduciary Judge in Class Action Lawsuits, 104 Colum. L. Rev. 1042-1071 (2004).    [HEIN] [W]

Book Chapters and Collected Works

  • Chris Brummer & Matt Smallcomb, Institutional Design: The International Architecture, in The Oxford Handbook of Financial Regulation 129-156 (Niamh Moloney, Eilís Ferran & Jennifer Payne eds., Oxford: Oxford University Press 2015).    [BOOK]
  • Chris Brummer, Introduction: Key Theoretical Parameters of the Soft Law Debate: A Basic Overview, in The Changing Landscape of Global Financial Governance and the Role of Soft Law xvii-xxii (Friedl Weiss & Armin J. Kammel eds., Leiden, Neth.: Brill Nijhoff 2015).    [BOOK]
  • Chris Brummer, James R. Barth, Tong (Cindy) Li & Daniel E. Nolle, Systemically Important Banks (SIBs) in the Post-Crisis Era: The Global Response and Responses Around the Globe for 135 Countries, in The Oxford Handbook of Banking 617-664 (Allen N. Berger, Philip Molyneux & John O.S. Wilson eds., Oxford: Oxford University Press 2d ed. 2015).    [BOOK]
  • Chris Brummer & Rachel Loko, The New Politics of Transatlantic Credit Rating Agency Regulation, in Transnational Financial Regulation After the Crisis 154-176 (Tony Porter ed., Abingdon, U.K.: Routledge 2014).    [BOOK]
  • Chris Brummer, Networks In(-)Action?: The Transgovernmental Origins of, and Responses to, the Financial Crisis, in 3 The World Bank Legal Review: International Financial Institutions and Global Legal Governance 323-334 (Hassane Cissé, Daniel D. Bradlow & Benedict Kingsbury eds., Wash., D.C.: The World Bank 2012).    [BOOK]
  • Chris Brummer, Why Soft Law Dominates International Finance—and Not Trade, in International Law in Financial Regulation and Monetary Affairs 95-113 (John H. Jackson, Thomas Cottier & Rosa M. Lastra eds., Oxford: Oxford University Press 2012).    [BOOK]
  • Chris Brummer, Examining the Institutional Design of International Investment Law, in Appeals Mechanism in International Investment Disputes 281-287 (Karl P. Sauvant ed., New York: Oxford University Press 2008).    [BOOK]

Congressional Testimony

  • Limiting the Extraterritorial Impact of Title VII of the Dodd-Frank Act: Hearing Before the Subcomm. on Capital Mkts. & Gov't Sponsored Enters. of the H. Comm. on Fin. Servs., 112th Cong., Feb. 8, 2012 (Statement of Chris Brummer) (CIS-No.: 2012-H371-59).    [WWW]

Selected Contributions to Other Publications

  • Chris Brummer, Does Today's World Need a Global Financial Regulator?, Int'l Fin. L. Rev., Feb. 2014, at 19-20.   
Recent scholarship

In the News

"SEC Chairman Jay Clayton discusses SEC agenda at the Brookings Institute", September 28, 2017, featuring a panel discussion with Professor Chris Brummer.

"Farewell Address of CFTC Commissioner Sharon Y. Bowen", September 25, 2017, featuring Professor Chris Brummer

"David Cohen Discusses Growing Importance And Complexity Of Sanctions On C-SPAN," a C-SPAN broadcast, September 11, 2017, featuring an interview at the law center conducted by Professor Chris Brummer.

"Chris Brummer Launches Service and Research Website on Chrisbrummer.org," coverage by Crossroads Today, August 8, 2017, quoting Professor Chris Brummer and featuring his blog on Scholarly Pursuits.

"Chris Brummer Launches “Hedged Positions” Website on ChrisBrummer.com," coverage by Authority Presswire,July 7, 2017,  featuring Professor Chris Brummer.

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All News

"SEC Chairman Jay Clayton discusses SEC agenda at the Brookings Institute", September 28, 2017, featuring a panel discussion with Professor Chris Brummer.

"Farewell Address of CFTC Commissioner Sharon Y. Bowen", September 25, 2017, featuring Professor Chris Brummer

"David Cohen Discusses Growing Importance And Complexity Of Sanctions On C-SPAN," a C-SPAN broadcast, September 11, 2017, featuring an interview at the law center conducted by Professor Chris Brummer.

"Chris Brummer Launches Service and Research Website on Chrisbrummer.org," coverage by Crossroads Today, August 8, 2017, quoting Professor Chris Brummer and featuring his blog on Scholarly Pursuits.

"Chris Brummer Launches “Hedged Positions” Website on ChrisBrummer.com," coverage by Authority Presswire,July 7, 2017,  featuring Professor Chris Brummer.

"White House Weighs Renominating Ex-House Aide to CFTC," coverage by The Wall Street Journal, April 13, 2017, mentioning Professor Chris Brummer.

 "Trump Pulls CFTC Nominations For 2 Obama Picks", coverage in Law360, March 1, 2017, featuring Professor Chris Brummer. 

Trump Administration Sets Off Alarm Bells By Pulling Nominees To Regulatory Commissions,” coverage by The Huffington Post, March 1, 2017, mentioning Professor Chris Brummer.

"Ex-Cravath Atty, Hedge Fund Runner Get 2nd CFTC Seat Try," coverage by Law 360, January 17, 2017, featuring Professor Christopher Brummer.

"Senate Panel Unanimously Approves CFTC Nominees," coverage in The Wall Street Journal, September 28, 2016, featuring Professor Chris Brummer.

"New CFTC Commissioner Nominations Trudge Forward," coverage by Lexology, September 18, 2016, featuring Professor Chris Brummer.

"U.S. Senate committee to consider nominees for derivatives regulator," coverage by Reuters, September 15, 2016, featuring Professor Chris Brummer.

"President Obama Nominates Two Commissioners for the US Commodity Futures Trading Commission," coverage in JD Supra, March 18, 2016, featuring Professor Chris Brummer.

Obama nominates pair to join CFTC,” coverage in The Hill, March 3, 2016, featuring Professor Chris Brummer. Also reported in Law360 and the Wall Street Journal.

"China’s Renminbi Is Approved by I.M.F. as a Main World Currency," coverage in The New York Times, November 30, 2015, quoting Professor Christopher Brummer. Further coverage is in The Boston Globe.

"Finra Strengthens Broker Penalty Guidelines; Brokers can now be permanently disbarred," coverage in The Wall Street Journal, May 12, 2015, featuring Professor Chris Brummer.

"Global Economics: Learning the Right Lessons from History," Brookings Up Front, January 15, 2015, featuring Professor Chris Brummer.

Professor Chris Brummer gave expert testimony to the European Parliament's Economic and Monetary Affairs Committee on Tuesday, March 18.

"Fed’s Move Is Something to Bank On," coverage in The Wall Street Journal, February 24, 2014, featuring Professor Chris Brummer.

"Getting to Yes on Transatlantic Financial Regulation," Project Syndicate, January 23, 2014, an opinion piece by Professor Christopher Brummer.

"Central Banks to Miss Accord Deadline," coverage in the Washington Times, December 13, 2012, featuring Professor Chris Brummer.

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