Author: lawrence baxter

Lawrence Baxter is a professor of the practice of law at Duke University in Durham, NC.  In his varied career Lawrence has taught law in the United States, South Africa, Australia, Belgium and Hong Kong, consulted for agencies of the federal government and worked on the staff of the United States Senate Committee on Banking, Housing and Urban Affairs during the period of reform after the Savings & Loan Crisis of the late 1980s, and has gained extensive experience in the business of financial services and e-commerce as a corporate executive vice president with one of the largest financial companies in the US.  He was educated in law and business at the University of Cambridge, England, and University of Natal (now KwaZulu-Natal) in South Africa.  Lawrence currently teaches, researches and writes in the fields of domestic and international banking regulation and its reform, regulatory reform and the ethics of financial business. Lawrence is married to a pediatrician and has three daughters and a son.


Regulatory capture is a bigger problem in America than elsewhere, partly because of our cultural predispositions. Respect for regulation as a vital element of free market activity, and respect for regulators–both earned and accorded–is necessary to modernize our regulatory system and meet adequately the complex challenges of the modern economy.

a few words on "regulation"

Regulation and markets are necessary corollaries. But effective regulation is a complex, technical and very difficult task to accomplish. How effective regulation is achieved will be influenced by ideological preconceptions and the nature of the markets sought to be regulated. Achieving the right balance is overall policy goal of regulation and its reform.