Contents

1. Introduction

Yasuyuki Fuchita (Nomura Institute of Capital Markets Research)
Robert E. Litan (Brookings Institution)

2. Financial Gatekeepers in Japan

Yasuyuki Fuchita (Nomura Institute of Capital Markets Research)
Comment by Paul Stevens (Investment Company Institute)

3. How and Why Credit Rating Agencies Are Not Like Other Gatekeepers

Frank Partnoy (University of San Diego School of Law)
Comment by Justin Pettit (UBS)

4. Maintaining the Value and Viability of Auditors as Gatekeepers under SOX: An Auditing Master Proposal

Zoe-Vonna Palmrose (University of Southern California)
Comment by Peter Wallison (American Enterprise Institute)

5. Analyzing the Analysts after the Global Settlement

Leslie Boni (University of New Mexico)
Comment by George Perry (Brookings Institution)

6. Conclusion

John Coffee (Columbia Law School)