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Winner Of The FESE De la Vega Prize 2021 Announced Date 01/06/2021 The Federation of European Securities Exchanges (FESE) is delighted to announce that the winner of the FESE De la Vega Prize 2021 is Jonas Heese, the Marvin Bower Associate Professor of Business Administration at Harvard Business School, for his paper “Does industry employment of active regulators compromise oversight?” Industry employment of active regulators is the subject of debate. The paper observes that the practice has long raised concern that it leads to “regulatory capture, whereby regulators receive financial compensation from firms in exchange for lax oversight.” In response, most public regulators have implemented policies that require regulators to resign from industry employment upon taking office, effectively prohibiting industry employment for active regulators. The paper also draws attention, however, to self-regulatory organisations (SROs) who, in contrast, often allow regulators t

Marius zoicanMichael brolleyRainer riessJonas heeseUniversity of torontoWilfrid laurier universityGerman financial reporting enforcement panelFederation of european securities exchangesEuropean securities exchangesVega prizeMarvin bower associate professorBusiness administrationHarvard business schoolSpecial mentionமழை ரீஎஸ்ஸ்பல்கலைக்கழகம் ஆஃப் டொராண்டோ