Evaluating the SEC: Are proposals for greater transparency a boon or threat to market efficiency?

With proposals for more disclosure on everything from hedge funds and private equity to ESG and public companies, the SEC under chair Gary Gensler has an ambitious regulatory agenda. Will these proposals for greater transparency promote market efficiency or threaten it? Is the SEC an appropriate vehicle for promoting social ends? We hosted an Adam Smith Society Young Leaders conversation with Manhattan Institute senior fellow James R. Copland and Columbia Business School professor of Finance and Economics Charles Calomiris to better understand the implications of these proposals on the financial industry and our economy at large.