Finance is all about the future. The success of a capitalist economyrests upon the ability of finance to sustain potentially infinite growth,based on funding today the output of tomorrow. Finance, however,needs rules. The aim of the law and finance scholarship is precisely toidentify the best regulation of finance to support economic growth.Traditionally, law and finance is concerned with investor protection.This would be sufficient if the future was predictable. However,because the future is in fact uncertain, the prices of financial assetsare flawed and in the short run they may result in serious mistakes, ifnot widespread crises. Although these mistakes are corrected in thelong run, a lot of harm may occur in the meantime.Drawing on the experience from the global financial crisis, in this lectureit is argued that financial law should be concerned not only withinvestor protection, but also with mitigating the temporary excesses ofmarkets in allowing or restricting access to finance. The challenge ofthis goal is to remedy market malfunctioning without underminingmarket discipline. However imperfect, prices remain the best instrumentof discipline and growth in a market economy.Several policy implications may be derived from this approach. Thislecture focuses on the unique role of central banks in regulating liquidityand on how corporate governance can fill in the gaps of bankingregulation in the face of uncertainty.