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Kathryn Judge

Law

Kathryn Judge

Harvey J. Goldschmid Professor of Law, Columbia Law School

Kathryn Judge is the Harvey J. Goldschmid Professor of Law at Columbia Law School.

Prior to joining Columbia Law School, Professor Judge clerked for Judge Richard Posner of the 7th U.S. Circuit Court of Appeals and Justice Stephen Breyer of the Supreme Court. She also worked as a corporate associate with Latham & Watkins.

Professor Judge’s research focuses on banking, financial crises, regulatory architecture, and intermediation design beyond finance.

She currently serves as Chair of the Research Committee of the European Corporate Governance Institute, in addition to serving on its Working Paper Series Editorial Board.

She has served as Vice Dean for Intellectual Life at Columbia Law School, as an editor of the Journal of Financial Regulation, as a member of the Financial Stability Task Force co-sponsored by the Brookings Institution and Chicago Booth School of Business, and as a member of the Financial Research Advisory Committee (FRAC) to the Office of Financial Regulation. While serving on FRAC, she co-chaired the working groups on financial innovation and the London Interbank Offered Rate (LIBOR) transition.

Professor Judge’s book, Direct: The Rise of the Middleman Economy and the Power of Going to the Source, was on the long list for the Financial Times Business Book of the Year, received the Gold Medal for Business Theory from Axiom Business Book Awards, and was included among the “Top 16 Finance Books of 2022” and “Top 22 Business Books of 2022” by Next Big Idea Club.

Courses Taught: Law & Economics; Legislation & Regulation; Anti-Money Laundering Laws; Corporations.

Education
J.D. Law, Stanford Law School · B.A., Wesleyan University
Topics
Law · Finance · Banking · Corporations · Financial Institutions · Financial Regulation

In the Encyclopedia1

Books1

  • Direct: The Rise of the Middleman Economy And The Power of Going to the Source

Talks & video3

  • Enabling Success: Examining the Competitive Landscape for Small Businesses, before the U.S. House of Representatives Committee on Small Business, Subcommittee on Economic Growth, Tax, and Capital Access, September 13, 20232023
  • A Failure of Supervision: Bank Failures and The San Francisco Federal Reserve, before the U.S. House of Representatives Oversight Committee, Subcommittee on Health Care and Financial Services, May 24, 20232023
  • Hearing on Federal Response to Recent Bank Failures, before the U.S. House of Representatives Financial Services Committee, Subcommittee on Financial Institutions and Monetary Policy, May 10, 20232023

Selected publications26

  1. 2024The Unraveling of the Federal Home Loan Banks, 41 Yale Journal of Regulation (2024)
  2. 2024Banking Law, the Banking System and Structure of the Economy, 133 Yale Law Journal Forum (2024)
  3. 2024Financial Regulation Beyond Stability, 20 The Journal of Law, Economics & Policy (2024)
  4. 2024The Administrative State and Financial Regulation: The Case for Commissions (with Dan Awrey), 35 Stanford Law & Policy Review (2024)
  5. 2022Credit, Crises and Infrastructure: The Differing Fates of Large and Small Businesses (with Todd Baker and Aaron Klein), 102 Boston University Law Review 1353 (2022)
  6. 2020Why Financial Regulation Keeps Falling Short (with Dan Awrey), 61 Boston College Law Review 2295 (2020)
  7. 2020The New Mechanisms of MarketInefficiency, 45 Journal of Corporation Law 915 (2020) (symposium)
  8. 2019Judges and Judgment:In Praise o fInstigators, 86 University of Chicago Law Review 1077 (2019) (symposium)
  9. 2019Guarantor of Last Resort, 97 Texas Law Review 707 (2019)
  10. 2018Investor-Driven Financial Innovation, 8 Harvard Business Law Review 291 (2018)
  11. 2017The Importance of “Money”, 130 Harvard Law Review 1148 (2017)
  12. 2017Information Gaps and Shadow Banking, 103 Virginia Law Review 411 (2017)
  13. 2017Selected by peers as one of the top corporate and securities articles of 2017, Corporate Practice Commentator
  14. 2016The First Year: The Role of a Modern Lender of Last Resort, 116 Columbia Law Review 843 (2016)
  15. 2015The Future of Direct Finance: The Diverging Paths of Peer-to-Peer Lending and Kickstarter, 50 Wake Forest Law Review 603 (2015) (symposium)
  16. 2015Intermediary Influence, 82 University of Chicago Law Review 573 (2015)
  17. 2015• Selected by peers as one of the top corporate and securities articles of 2015, Corporate Practice Commentator
  18. 2015The Federal Reserve: A Study in Soft Constraints, 78 Law & Contemporary Problems 65 (2015) (symposium)
  19. 2014Three Discount Windows, 99 Cornell Law Review 795 (2014)
  20. 2013Interbank Discipline, 60 UCLA Law Review 1262 (2013)
  21. 2013Fee Effects, 98 Iowa Law Review 1517 (2013)
  22. 2012Fragmentation Nodes: A Case Study in Financial Innovation, Complexity and Systemic Risk, 64 Stanford Law Review 657 (2012)
  23. 2005Reprinted in Intellectual Property LawReview 2005 (Thomson/West)
  24. 2004Note, Rethinking Copyright Misuse, 57 Stanford Law Review 901 (2004)
  25. • Governance Insight Award Honorable Distinction, Investment Wealth Institute
  26. • Awarded First Place at the Annual Junior Faculty Business and Financial Law Workshop sponsored by the GW Center for Law, Economics & Finance

Positions & affiliations2

  • Columbia Law School
  • Office of Financial Regulation, U.S. Treasury