{"id":731,"date":"2014-09-18T02:01:08","date_gmt":"2014-09-18T02:01:08","guid":{"rendered":"https:\/\/www.nomurafoundation.or.jp\/en\/?p=731"},"modified":"2026-01-26T11:33:50","modified_gmt":"2026-01-26T02:33:50","slug":"us_issue01","status":"publish","type":"post","link":"https:\/\/www.nomurafoundation.or.jp\/en\/capital\/us_issue01.html","title":{"rendered":"Financial Gatekeepers:Can They Protect Investors?"},"content":{"rendered":"\t\t\t<section class=\"content\">\r\n\t\t\t\t<div class=\"section_content_wrap\">\r\n\t\t\t\t\t<div class=\"flex_between gap32\">\r\n\t\t\t\t\t\t<dl class=\"midashi_color_border\">\r\n\t\t\t\t\t\t\t<dt>\r\n\t\t\t\t\t\t\t\tYasuyuki Fuchita, Richard J. Herring, and Robert E. Litan, editors\r\n\t\t\t\t\t\t\t<\/dt>\r\n\t\t\t\t\t\t\t<dd>\r\n\t\t\t\t\t\t\t\t<div class=\"link_fuchi\">\r\n\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/www.brookings.edu\/press\/Books\/2006\/financialgatekeepers.aspx\" target=\"_blank\">\r\n\t\t\t\t\t\t\t\t\t\tOrder from Brookings Institution Press\r\n\t\t\t\t\t\t\t\t\t<\/a>\r\n\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t<\/dd>\r\n\t\t\t\t\t\t<\/dl>\r\n\t\t\t\t\t\t<div class=\"board_list_thumbnail\">\r\n\t\t\t\t\t\t\t<a href=\"http:\/\/www.brookings.edu\/press\/Books\/2006\/financialgatekeepers.aspx\">\r\n\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/www.nomurafoundation.or.jp\/include\/img\/2014\/09\/us_cover01_en.jpg\">\r\n\t\t\t\t\t\t\t<\/a>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<\/div><!--\/.flex_between.gap32-->\r\n\t\t\t\t<\/div><!--\/.section_content_wrap-->\r\n\t\t\t\t<div class=\"section_content_wrap\">\r\n\t\t\t\t\t<h3 class=\"h3_title\">\r\n\t\t\t\t\t\tContents\r\n\t\t\t\t\t<\/h3>\r\n\t\t\t\t\t<dl class=\"midashi_bold_list\">\r\n\t\t\t\t\t\t<dt>\r\n\t\t\t\t\t\t\t1. Introduction\r\n\t\t\t\t\t\t<\/dt>\r\n\t\t\t\t\t\t<dd>\r\n\t\t\t\t\t\t\tYasuyuki Fuchita (Nomura Institute of Capital Markets Research)<br>\r\n\t\t\t\t\t\t\tRobert E. Litan (Brookings Institution)\r\n\t\t\t\t\t\t<\/dd>\r\n\t\t\t\t\t<\/dl>\r\n\t\t\t\t\t<dl class=\"midashi_bold_list\">\r\n\t\t\t\t\t\t<dt>\r\n\t\t\t\t\t\t\t2. Financial Gatekeepers in Japan\r\n\t\t\t\t\t\t<\/dt>\r\n\t\t\t\t\t\t<dd>\r\n\t\t\t\t\t\t\tYasuyuki Fuchita (Nomura Institute of Capital Markets Research)<br>\r\n\t\t\t\t\t\t\tComment by Paul Stevens (Investment Company Institute)\r\n\t\t\t\t\t\t<\/dd>\r\n\t\t\t\t\t<\/dl>\r\n\t\t\t\t\t<dl class=\"midashi_bold_list\">\r\n\t\t\t\t\t\t<dt>\r\n\t\t\t\t\t\t\t3. How and Why Credit Rating Agencies Are Not Like Other Gatekeepers\r\n\t\t\t\t\t\t<\/dt>\r\n\t\t\t\t\t\t<dd>\r\n\t\t\t\t\t\t\tFrank Partnoy (University of San Diego School of Law)<br>\r\n\t\t\t\t\t\t\tComment by Justin Pettit (UBS)\r\n\t\t\t\t\t\t<\/dd>\r\n\t\t\t\t\t<\/dl>\r\n\t\t\t\t\t<dl class=\"midashi_bold_list\">\r\n\t\t\t\t\t\t<dt>\r\n\t\t\t\t\t\t\t4. Maintaining the Value and Viability of Auditors as Gatekeepers under SOX: An Auditing Master Proposal\r\n\t\t\t\t\t\t<\/dt>\r\n\t\t\t\t\t\t<dd>\r\n\t\t\t\t\t\t\tZoe-Vonna Palmrose (University of Southern California)<br>\r\n\t\t\t\t\t\t\tComment by Peter Wallison (American Enterprise Institute)\r\n\t\t\t\t\t\t<\/dd>\r\n\t\t\t\t\t<\/dl>\r\n\t\t\t\t\t<dl class=\"midashi_bold_list\">\r\n\t\t\t\t\t\t<dt>\r\n\t\t\t\t\t\t\t5. Analyzing the Analysts after the Global Settlement\r\n\t\t\t\t\t\t<\/dt>\r\n\t\t\t\t\t\t<dd>\r\n    \t\t\t\t\t\tLeslie Boni (University of New Mexico)<br>\r\n    \t\t\t\t\t\tComment by George Perry (Brookings Institution)\r\n       \t\t\t\t\t<\/dd>\r\n       \t\t\t\t<\/dl>\r\n\t\t\t\t\t<dl class=\"midashi_bold_list\">\r\n\t\t\t\t\t\t<dt>\r\n\t\t\t\t\t\t\t6. Conclusion\r\n\t\t\t\t\t\t<\/dt>\r\n\t\t\t\t\t\t<dd>\r\n    \t\t\t\t\t\tJohn Coffee (Columbia Law School)\r\n       \t\t\t\t\t<\/dd>\r\n       \t\t\t\t<\/dl>\r\n\t\t\t\t<\/div><!--\/.section_content_wrap-->\r\n\t\t\t<\/section><!--\/.content-->","protected":false},"excerpt":{"rendered":"Yasuyuki Fuchita, Richard J. Herring, and Robert E. Litan, editors Order from Brookings Institution Press Cont [&hellip;]","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-731","post","type-post","status-publish","format-standard","hentry","category-capital"],"_links":{"self":[{"href":"https:\/\/www.nomurafoundation.or.jp\/en\/wp-json\/wp\/v2\/posts\/731","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nomurafoundation.or.jp\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nomurafoundation.or.jp\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nomurafoundation.or.jp\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nomurafoundation.or.jp\/en\/wp-json\/wp\/v2\/comments?post=731"}],"version-history":[{"count":1,"href":"https:\/\/www.nomurafoundation.or.jp\/en\/wp-json\/wp\/v2\/posts\/731\/revisions"}],"predecessor-version":[{"id":11603,"href":"https:\/\/www.nomurafoundation.or.jp\/en\/wp-json\/wp\/v2\/posts\/731\/revisions\/11603"}],"wp:attachment":[{"href":"https:\/\/www.nomurafoundation.or.jp\/en\/wp-json\/wp\/v2\/media?parent=731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nomurafoundation.or.jp\/en\/wp-json\/wp\/v2\/categories?post=731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nomurafoundation.or.jp\/en\/wp-json\/wp\/v2\/tags?post=731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}