Judge Ralph K. Winter Lecture: "Regulating for International Economic Resilience During Fractured Geopolitics" with Sir Paul Tucker.

Apr. 18, 2022
4:30PM - 6:00PM
SLB Room 129; Please register.
Open to the Yale Community

Please register by 12:00 p.m. (ET) on Monday, April 18, 2022 at this link.

Sir Paul Tucker is a Research Fellow of the Mossavar-Rahmani Center for Business and Government at the Harvard Kennedy School, former Deputy Governor of the Bank of England, and former Chair of the Systemic Risk Council. He is the author of Unelected Power: The Quest for Legitimacy in Central Banking and the Regulatory State (2018). Described as “masterful” by Dani Rodrik and “profoundly important” by Larry Summers, it charts how the extraordinary power of unelected central bankers and regulators needs to be structured and checked in the interest of democratic legitimacy. His new book, due out in 2022, is about the geopolitics and legitimacy of the international economic and legal system. Both books are at the interface of political economy and political philosophy.

His other current activities include being a director at Swiss Re; a senior fellow at Harvard’s Center for European Studies; President of the UK’s National Institute for Economic and Social Research; a Governor of the Ditchley Foundation; a director of the Financial Services Volunteer Corps; a member of the Advisory Board for Yale’s Program on Financial Stability; and a member of the board of the UK’s Institute for Government.

Tucker spent more than three decades in central banking, occupying senior positions in the international policymaking world, and was knighted by Britain in 2014.

From 2016 to 2021, he was the chair of the Systemic Risk Council, the independent body of former top central bankers, government officials and financial experts dedicated to a stable financial system.

As Deputy Governor at the Bank of England from 2009 to October 2013, he was at the center of efforts to contain the financial crisis and to reshape the international regulatory framework for financial stability. He was a member of the steering committee of the G20 Financial Stability Board, chairing its Committee on the Resolution of Cross-Border Banks in order to overcome the “too-big-to-fail” problem. He was also a member of the board of directors of the Bank for International Settlements, the central bankers’ bank, and was chair of the Basel Committee for Payment and Settlement Systems.

At the Bank of England, he was a member of the Monetary Policy Committee, Financial Policy Committee (vice chair), Prudential Regulatory Authority Board (vice chair), and Court of Directors. During his thirty-plus years there, he led staff teams on monetary policy strategy, market operations, and financial stability, as well as working as a bank supervisor. He had secondments to an investment bank and to Hong Kong, where he helped reform their securities markets and regulation following the 1987 stock market crash.

A series of the Yale Law School Center for the Study of Corporate Law, the Judge Ralph K. Winter Lectureship on Corporate Law and Governance was established by former law clerks and students of Judge Winter (1935-2020) to support lectures on corporate law and governance and related topics. Judge Winter graduated from Yale Law School in 1960, returned to become the William K. Townsend Professor of Law, was appointed to the U.S. Court of Appeals for the Second Circuit in 1982, and continued to teach at the Law School part-time until 2014. The lectureship honors Judge Winter’s extraordinary influence as a corporate law scholar and distinguished career as a jurist.

Sponsoring Organization(s)

Yale Law School Office of the Dean

Yale Law School Center for the Study of Corporate Law