KNOXVILLE – A panel of business and legal experts from the University of Tennessee, Knoxville, will discuss the current economic crisis at a program on March 24.

Free and open to the public, the event will begin at 6:30 p.m. in the Toyota Auditorium at the Howard H. Baker Jr. Center for Public Policy, located at 1640 Cumberland Ave.

Panelists will include Joe Carcello, Ernst & Young Professor in the Department of Accounting and Information Management and director of research for the Corporate Governance Center; Joan Heminway, distinguished professor of law; and Matt Murray, economics professor and associate director of the Center of Business and Economic Research. The session will be moderated by Paul Fain, who is a certified financial planner, a columnist for the Knoxville News Sentinel and president of Asset Planning.

Each panelist will offer his or her perspective of the economic crisis, looking at regulatory issues, the markets, bank regulations and other concerns.

Heminway said she will focus on the role of securities regulation in the recession and financial crisis by answering questions, like “Did the U.S. Securities and Exchange Commission (SEC) miss the boat on the financial instruments that had a large role in the crisis?” and “Is the SEC all but extinct (in its current from)?”

Carcello said he will look at some of the causes of the financial crisis, including cheap money (credit available at low interest rates), misaligned incentives and inadequate regulation.

The Baker Center, which opened at UT in 2003, develops programs and promotes research to further the public’s knowledge of our system of governance, and to highlight the critical importance of public service, a hallmark of Sen. Baker’s career.

For more about the Baker Center, see http://www.bakercenter.utk.edu.

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C O N T A C T :

Amy Blakely (865-974-5034, amy.blakely@tennessee.edu)

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