Tag Archives: university

Chris Brummer Named Jones Day Professor in Commercial Law at Singapore Management University

Thought leader Chris Brummer was named the 2022 Jones Day Professor in Commercial Law at Singapore Management University’s Yong Pung How School of Law. A prestigious honor, the professorship was established in 2012 and made possible by a $500,000 grant from the Jones Day Foundation, funded by the eponymous global law firm. It aims to streamline efforts to aid in the development of commercial law in the fast-growing market of Singapore.

According to the university, “The donation exemplifies Jones Day’s commitment to Singapore and the Asia Pacific region, which are an integral part of Jones Day’s Asian presence. The appointment follows the establishment of the Jones Day Chair Professorship for Globalization and Rule of Law at Peking University, China, in May 2012.”

Additionally, “The donation is the largest gift received by SMU from a law firm and will facilitate increased focus on the development of commercial law in Singapore, a market which is in continuous development and increasingly plays a global role as a hub for legal services to both regional and international clients in Asia.”

Brummer currently serves as the Agnes Williams Sesquicentennial Professor of Financial Technology at Georgetown University Law Center and faculty director at the Institute for International Economic Law. He’s sought after as an adviser for policymakers, founders, startups, and nonprofits on the unique challenges erupting in the world of finance, regulation, and inclusion

The Georgetown professor has dedicated several years to public service and volunteer work across various government organizations. In 2016, he was nominated by President Barack Obama to serve as a commissioner on the Commodity Futures Trading Commission, the U.S. regulator of derivatives. More recently, he served as a member of the Biden-Harris transition team, assisting in matters relating to financial technology, racial equity, and systemic risk.

Brummer also delivered the annual lecture at Singapore Management University on Dec. 1, 2022. The talk is titled “Regulation by Enforcement” and was based on a co-authored project with professors from Vanderbilt Law School and The Wharton School. 

“[Brummer] will offer preliminary observations concerning its legality under U.S. law and provide an overview of the opportunities, trade-offs, and risks. He will then end by cataloging some best practices for global regulators, regardless of their jurisdiction,” explains SMU’s website.

Chris Brummer’s speech highlighted recent trends in the world of regulation. The arrival of disruptive technologies such as cryptocurrency and the challenges they present for regulators have given rise to a reactionary system of regulation termed regulation by enforcement. Regulation by enforcement is an approach that relies heavily on enforcement actions, such as fines and penalties, to ensure compliance with regulations. This reactive approach, although legal, can create a perception that regulators are overly punitive and can lead to an adversarial relationship between regulators and the community at large.

Recent cases like that of Coinbase, in which the U.S. Securities and Exchange Commission asserted that at least nine out of 25 cryptocurrencies involved in an insider trading scheme were securities, have left the industry reeling. Instead of providing enough clarity on the issue, industry experts believe that the SEC is using enforcement actions to interpret broadly worded statutes. 

In his lecture, Brummer analyzed the incentives facing agencies when choosing to regulate by enforcement while outlining the risks that arise with this style of creating rules. To aid in future endeavors, he also presented a framework of best practices that outline when agencies should regulate by rule and when they should regulate by enforcement. 

Brummer is an established player at the forefront of discussions surrounding developments in finance, innovation, regulation, and inclusion. He hosts CQ Roll Call’s “Fintech Beat” weekly podcast and is the founder and host of D.C. Fintech Week, a yearly conference at which the best and brightest gather for discussions spanning the fintech ecosystem. 


Five Tips to Save Money While on a College Budget

The process of figuring out how to save money while attending college is a prudent decision to make. There are a few things students can do to improve their financial health and limit the amount of debt they acquire while pursuing their education without having to cut out the use of a professional essay writing service. While the thought of amassing a significant amount of debt is enough to deter many people from ever attending college, it is not impossible to do so.

Here are some recommendations for cutting costs throughout a person’s time as a student.

1. Use Student Discounts

One of the most significant advantages of being a student is a student ID card. This card not only entitles students to discounts at a wide variety of retail outlets, restaurants, and cultural organizations, but it may also offer them significant savings on technology-related items. If students know how to maximize the use of their discounts, they may save a substantial amount of money.

2. Take On Side Jobs

Taking up one or two additional jobs in addition to education is a great way to save money while in college. Even though students will probably be reading textbooks most of the time, they can probably afford to work an additional 15-20 hours per week to supplement their income and help pay for a custom essay writing service.

Here are some ideas for students to try.

Clients from all around the world employ virtual assistants online to help them manage their daily lives. Primarily, this is responding to emails, making travel arrangements, and setting up schedules—all tasks that may be performed around a student’s schedule.

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Another money-making opportunity involves doing what you do for your classes anyway. Students who weren’t exceptionally attentive during lectures at the semester’s conclusion find themselves needing lecture notes. By selling lecture notes to them directly or through an educational platform, students have the chance to earn a little money.

3. Share Living Space

Living in a shared home or apartment, as opposed to living alone while attending college, is among the most effective ways to cut costs and save money. Students may save a large amount of money each month by paying a portion of the rent with a group of people rather than paying it all by themselves. Additionally, they will be able to divide the costs of any shared furnishings and the energy bills, resulting in a monthly savings of even more money each month.

4. Restore Possessions Rather than Replace

Taking care of things they currently own is an excellent way for students to cut costs and save money. Put a little more work into restoring things so students can keep using them for a longer period of time rather than tossing them out as soon as they show any evidence of wear and tear. Because of this, students won’t needlessly spend money on new products when the ones they already have are perfectly good and still functional.

5. Follow a Minimalist Lifestyle

When it comes to lowering educational expenses and increasing overall savings, less is more. In addition to this, adopting a minimalist mentality might work wonders for a student’s financial situation. To give it a simpler explanation, living a minimalist lifestyle implies having fewer possessions overall.

Students with a minimalist mindset don’t get sucked into the traps of a materialistic culture that attempts to convince them that they need to own more belongings to be happy. Instead, they only purchase the really necessary items, and they don’t buy anything else.

It is far more likely that students will spend less money if they shop with more focus since they will become aware of the fact that many of the goods they thought they “needed” are not actually necessary in any way.

A Break in Between

The high school focuses on the textbook education of a child. As a student, you will be provided with insights on the Nazis and the best topography for the coniferous trees. But by the time you graduate from high school, you get so focused on your formal education that you are completely burnt out for the real world. There are still lessons waiting for you out there, many of which you need to learn before you enter your university and get a taste of the real world.

Although most students head directly from the high school to the university courses, it can be healthy to take a break from school and focus on building your character for once. What most people don’t believe is that education can be continued outside a classroom too.

A gap year is the answer for such students who are lost. It will give you the opportunity to take a breath before you dive headlong into university life. You can go to another country and instead of simply reading about the place you get a firsthand experience of its culture, traditions, and people. The change in scenery will aid in your networking and give you a global perspective on life.

The one-year gap is a breather for you to understand what you want to pursue in your life. You will get the experience of making tough decisions and be more independent.

Here are 4 benefits of taking a gap year in a country that is not yours.

  1. Accelerated maturity

You can be a good student easily but there is nothing to support your statement. A gap year allows you to gain quality life experiences. You get to witness different things the world has to offer, from new sites to new foods. You learn about the people and more importantly, about yourself. Living in a place that is not your home allows you to handle things on your own, making you more responsible and self-reliant.

  1. Better performance in college

If you are a student struggling to decide upon your major in college, the bridge year gives you a chance to explore your interests and allows you to make an informed decision regarding your field of study. It also gives you the time to refine the specific skills you feel you are lacking and catch up on them before you begin university.

  1. Boost your job prospects

Since you return to college invigorated with a newly found confidence and perspective, you will have a better chance at any future employment prospects. You will be able to cater to the needs of diverse customers. Your time spent volunteering will be proof of your empathetic side which most employers seek while hiring.

  1. Discover a hidden passion

In one year’s time, you can learn a new language or pursue a new hobby. Maybe you can even hone a previous skill of yours like writing, public speaking, and cooking. These skills will give you an edge in your career or help you in your personal life by making you feel relaxed. Either way, you’ll become a well-rounded person creating positive opportunities along your way and leading a rich and rewarded life.

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