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Hal Scott is the Nomura Professor and Director of the Program on International Financial Systems. He teaches courses on Banking Regulation, Securities Regulation, International Finance and the Payment System. He also directs the Concentration in International Finance for foreign graduate students at the Law School. His recent books are International Finance: Transactions, Policy and Regulation (12th ed. 2005), International Finance: Law and Regulation (2004), and Capital Adequacy Beyond Basel: Banking, Securities, and Insurance (editor) (2005). He has served as a consultant to financial institutions, foreign governments, and the World Bank and OECD. He is past President of the International Academy of Consumer and Commercial Law and a former member of the Board of Governors of the American Stock Exchange. He is currently a member of the Shadow Financial Regulatory Committee. Hal is an avid sailboat racer.