Patricia A. McCoy, a renowned expert on financial services regulation, is the Director of the Law School’s Insurance Law Center, the only such center in the country. Her research and teaching interests span retirement products, banking, securities, life insurance, and mutual funds to public insurance schemes such as Social Security and deposit insurance. Professor McCoy analyzes risk management, moral hazard, and systemic risk through the lens of law, economics, and empirical methods. Her courses include banking and securities regulation, mutual fund law, retirement security law, corporate governance, and consumer finance law.
Professor McCoy received her B.A. from Oberlin College and her J.D. from the University of California at Berkeley, where she was Editor-in-Chief of the Industrial Relations Law Journal (now the Berkeley Journal of Employment and Labor Law). After graduation, she clerked for the late Judge Robert S. Vance of the United States Court of Appeals for the Eleventh Circuit. Her practice years were spent at Mayer Brown in Washington, D.C., where she was a partner specializing in complex securities, banking and constitutional litigation in the trial and appellate courts. Before coming to Connecticut in 2002, she began her teaching career at Cleveland State University.
Professor McCoy's research examines systemic risk, market failure, and consumer protection in financial services. In addition to numerous articles, she has two books to her name: Banking Law Manual: Federal Regulation of Financial Holding Companies, Banks and Thrifts (2d ed. 2000 & cum. supp.) and Financial Modernization After Gramm-Leach-Bliley (2002). She sits on the Editorial Advisory Board for the Cambridge Series on Law, Finance, and Economics of Oxford University Press. A recognized authority on the subprime crisis, Professor McCoy is writing a new book on the crisis with Kathleen C. Engel, anticipated in 2010.
In 2002-2003, Professor McCoy was a Visiting Scholar at the MIT Economics Department. Later, from 2003-2008, she sat on the board of directors of the Insurance Marketplace Standards Association, the leading market conduct and compliance organization for life insurers. She also served on the Consumer Advisory Council of the Federal Reserve Board from 2002 to 2004, where she chaired the Council's Consumer Credit Committee. In 2001, Professor McCoy served as chair of the Section on Financial Institutions and Consumer Financial Services of the Association of American Law Schools. More recently, the University of International Business and Economics in Beijing appointed Professor McCoy as an honorary guest professor of insurance.
Professor McCoy has testified before Congress and has been quoted in the New York Times, Wall Street Journal, The Economist, The Los Angeles Times, Bloomberg, Forbes, and National Public Radio, among others, on financial regulation and risk management. Active in the Law and Society Association, she has lectured around the world, including in Russia, Eastern Europe, Africa, South America, and China. In her other life, she sings with The Hartford Chorale and is an opera lover.