About Your Speakers

Hal S. Scott is the Nomura Professor and Director of the Program on International Financial Systems (PIFS) at Harvard Law School, where he has taught since 1975. He teaches courses on Capital Markets Regulation, International Finance, and Securities Regulation.

He has a B.A. from Princeton University (Woodrow Wilson School, 1965), an M.A. from Stanford University in Political Science (1967), and a J.D. from the University of Chicago Law School (1972). In 1974-1975, before joining Harvard, he clerked for Justice Byron White.

The Program on International Financial Systems, founded in 1986, engages in a variety of research projects. Its book, Capital Adequacy Beyond Basel (Oxford University Press 2004), examines capital adequacy rules for banks, insurance companies and securities firms. The Program also organizes the annual invitation-only U.S.-Japan, U.S.-Europe, and U.S.-China Symposia on Building the Financial System of the 21st Century, attended by financial system leaders in the concerned countries. In addition, the Program directs a concentration in International Finance for LLM students at Harvard Law School.

Professor Scott’s books include the law school textbook International Finance: Transactions, Policy and Regulation (18th ed. Foundation Press 2011); and The Global Financial Crisis (Foundation Press 2009). Professor Scott is the Director of the Committee on Capital Markets Regulation, which in May 2009 released a comprehensive report entitled The Global Financial Crisis: A Plan for Regulatory Reform. He is also Co-Chair of the Council on Global Financial Regulation that was formed in 2010. He is an independent director of Lazard, Ltd., a past President of the International Academy of Consumer and Commercial Law and a past Governor of the American Stock Exchange (2002-2005). Since April 07, 2011, in order to furnish interested parties information on other compensated outside activities, Professor Scott is providing the following additional disclosures:

Current Consulting Engagements

• State Street Corporation (various issues)
• International House of Japan (PIFS Japan-U.S. Symposium)
• Special Assistant Attorney General for the Commonwealth of Massachusetts and expert witness for the Massachusetts Department of Revenue on certain state tax issues

Compensated Speeches or Presentations (since 2007)

• Faculty of Law, University of Western Ontario, London, Ontario (Torys LLP Business and Law Pre-Eminent Scholars Series), October 1, 2010 on financial regulation
• Ironshore, November 2, 2010 on financial regulation
• Group of investors (confidential), September 2011 (Euro crisis)

Compensated Publications (since 2007, sponsor also disclosed in publications) Scott, Hal S., ""How to Improve Five Important Areas of Financial Regulation,"" in ""Rules for Growth: Promoting Innovation and Growth Through Legal Reform,"" Yale Law and Economics Research Paper, No. 426 (2011) Link. Sponsored by Kauffman Foundation. Scott, Hal S. ""What to Do About Foreign Discriminatory Forum Non-Conveniens Legislation,"" 49 Harvard International Law Journal Online (2009), Link. Sponsored by Dole Food Company, Inc. Brief for the Financial Services Roundtable as Amicus Curiae Supporting Respondents, Andrew M. Cuomo v. The Clearinghouse Association, L.L.C. and Office of the Comptroller of the Currency, 557 U.S. __ (2009) (No. 08-453), Link. Scott, Hal S. ""Financial Crisis Responsibility Fee: Issues for Policy Makers,"" U.S. Chamber of Commerce (2010), Link. Scott, Hal S. Letter to Congress on Single Repositories, on behalf of the Depository Trust & Clearing Corporation (April 14, 2010).

Howard Tai is a senior analyst with Aite Group, focusing on derivatives products, multi-asset class investment, and risk management strategies, as well as the role of electronic trading in currency, equity derivatives, convertible securities, and equities.

Mr. Tai brings to Aite Group more than 25 years of investment experience across multiple asset classes and derivatives products. Before joining Aite Group, he spent more than 15 years with American Century Investments (ACI), most recently as vice president, currency and equity derivatives specialist. In this role, he was responsible for policy, strategy, risk management, and trading of foreign exchange, equity derivatives, and convertible securities. During his tenure at ACI, he traded currencies, equity futures, listed equity options, OTC structured products, convertible securities, and Asian, European, Latin American, and U.S. equities. While there, he also served as a member of the Asia-Pacific Steering Committee for FIX Protocol Ltd. Prior to joining American Century Investments, Mr. Tai worked for Citigroup and JPMorgan Chase.

Mr. Tai has been quoted extensively in the financial press and in trade publications such as Global Pensions, Institutional Investor, Euromoney, FX Week, Advanced Trading, and Wall Street & Technology. He has presented at leading industry events globally, including serving as the keynote speaker at the inaugural FX Invest Conference in 2007.

Mr. Tai received his B.A. in Economics from the University of Pennsylvania and an M.B.A. in Finance from Cornell University. He is fluent in both English and Mandarin Chinese, and is conversant in Cantonese. He has been actively involved in coaching youth soccer over this past 10 years, and is a strong advocate for K to 12 education excellence in America's public schools.