Nancy Liao

Associate Research Scholar in Law, John R. Raben/Sullivan & Cromwell Executive Director, Yale Law School Center for the Study of Corporate Law


Nancy Liao is an Associate Research Scholar in Law and the John R. Raben/Sullivan & Cromwell Executive Director, Yale Law School Center for the Study of Corporate Law. She is interested in the impact of technology on finance and capital markets, and how existing legal frameworks both shape and are shaped by technology.

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Education & Curriculum Vitae


J.D., Yale Law School, 2005.
A.B., Harvard University, 2002.

Courses Taught


Nancy Liao is an Associate Research Scholar in Law and the John R. Raben/Sullivan & Cromwell Executive Director, Yale Law School Center for the Study of Corporate Law. She is interested in the impact of technology on finance and capital markets, and how existing legal frameworks both shape and are shaped by technology. As Executive Director, Liao hosted the 2017 Weil, Gotshal & Manges Roundtable on Blockchain: The Future of Finance and Capital Markets?. She has spoken about blockchain before the SEC Investor Advisory Committee, at LegalTech 2018 and other venues, and has addressed the intersection between FinTech and regulation more generally before the Yale Center Beijing.

Liao’s interest in technology is grounded in her prior experience in prudential, payment system, and derivatives policy and regulation. Prior to becoming Executive Director in 2016, she was Assistant General Counsel at the International Swaps and Derivatives Association, Inc. ("ISDA"), where she crafted and executed cross-jurisdictional advocacy strategies pertaining to derivatives clearing. Before ISDA, she practiced in the public and nonprofit sectors, first at the Commodity Futures Trading Commission (where she led multiple rulemaking teams implementing the Dodd-Frank Wall Street Reform and Consumer Protection Act and served as Special Counsel and Policy Advisor to Commissioner Scott D. O’Malia) and then at the Federal Reserve Bank of New York (where she was counsel and officer and served as Secretary of the Financial Markets Lawyers Group, a group of leading in-house practitioners supporting activity in foreign exchange and other financial markets).

Liao graduated from Yale Law School and Harvard University (magna cum laude in government). She began her legal career as an Associate at Latham & Watkins LLP.