Hal Scott will lead an effort to examine patterns of borrowing by public companies to measure whether the availability of private credit is supplanting traditional bank lending or offering financing opportunities that otherwise would be difficult to secure, and to consider whether providers of private credit should be subjected to banklike regulation or allowed to continue operating with lower levels of supervision. The project’s findings will appear in a report.
Hal Scott will lead an effort to assess the extent to which regulations that set capital and liquidity requirements for banks affect lending activities. The project will analyze lending data from a variety of banking institutions as capital and liquidity requirements were tightened between 2010 and 2016 and loosened between 2017 and 2021. The project’s findings will be published in a report.