Professor Simkovic's research focuses on the regulation of credit markets through the United States Bankruptcy Code, and the regulation of financial markets in general through mandatory disclosure requirements. His research was cited in the U.S. Congress' Joint Economic Committee report recommending sweeping reforms of the credit card industry, which were enacted in 2009. His research has also been cited by researchers at the Federal Reserve Bank of New York and in popular publications such as the New York Times and USA Today.
Professor Simkovic is an expert on the credit card industry, causes of the financial crisis of 2008, credit default swaps, securitization, leveraged buyouts, fraudulent transfer law (and other avoidance actions), and open market stock repurchases.
Before joining the Seton Hall faculty, Professor Simkovic was an attorney at Davis Polk & Wardwell in New York concentrating in bankruptcy litigation; a strategy consultant at McKinsey & Company, specializing in legal, regulatory and business issues affecting financial services companies; and an Olin Fellow in Law and Economics at Harvard Law School.
At Davis Polk, Professor Simkovic defended leveraged buyout lenders in Lyondell Chemical. He also assisted in the settlement of multi-million dollar class-action suit related to mortgage-lending and helped a global investment bank monitor and analyze the business impact of SEC proposals.
At McKinsey, Professor Simkovic analyzed the likely impact on mortgage originators and securitizers of new regulations proposed in response to the subprime mortgage crisis, analyzed demographic and financial trends to help develop retirement products, and helped global financial services firms reduce costs, forecast demand, and optimize capacity.
At the New York Attorney General's Office, Professor Simkovic investigated retail financial service companies engaged in illegal and deceptive sales practices.
LAW REVIEW ARTICLES
Competition and Crisis in Mortgage Securitization, 88 Ind. L.J. __ (forthcoming 2013) (Winner of the 2012 American College of Consumer Financial Services Lawyers Writing Competition)
Risk-Based Student Loans, 70 Wash. & Lee L. Rev. 527 (2013)
Leveraged Buyout Bankruptcies, The Problem of Hindsight Bias, and the Credit Default Swap Solution, 2011 Colum. Bus. L. Rev. 118 (2011) (with co-author)
The Effect BAPCPA on Credit Card Industry Profits and Prices, 83 Am. Bankr. L.J. 1 (2009)
Secret Liens and the Financial Crisis of 2008, 83 Am. Bankr. L.J. 253 (2009)
The Effect of Mandatory Disclosure on Open Market Stock Repurchases, 6 Berkeley Bus. L.J. 96 (2009)
Credit Card Reform and Bankruptcy Reform, 10 Norton Bankr. L. Adviser 1 (2009)
OTHER JOURNAL ARTICLES
The Effects of Ownership and Stock Liquidity on the Timing of Repurchase Transactions, 18 J. Corp. Fin. 1023 (2012)
Paving the Way for the Next Financial Crisis, 29 Banking & Fin. Services Pol'y. Rep. 1 (2010)
Competition and Crisis in Mortgage Securitization, presented at American Association of Law Schools Conference 2012