6/8  BIS central bankers' speeches  Pedagogy Having not taught financial regulation since the interesting months of the fall 2008 semester, I am probably at a comparative disadvantage to most of this audience in reflecting on the new pedagogy of financial regulation. However, that will not stop me from making a couple of comments—though only a couple—on the core topic of this conference.
First, I would urge everyone teaching in this area to place much more emphasis on the liability side of the balance sheets of financial institutions. Traditional banking law casebooks gave some treatment to deposits and deposit insurance, which provided a good point in a course to engage students on the subject of moral hazard.