Topic
Derivatives
747 published works
The Faculty Lounge
Blame It On Derivatives, Blame it On Goldman Sachs, Blame It On the Nazis. But Don’t Blame the Greek Crisis on Greece
In an earlier post, The Greek Crisis: Economic Meltdown or Mental One?, I took issue with a recent New York Time’s article which contends that “Wall Street tactics akin to…
The Faculty Lounge
The Demand For Islamic Derivatives Contracts
Via Reuters: “The launch of the first template for an over-the-counter Islamic derivative contract is "imminent" and will encourage more companies to hedge their risks, an executive at a bank…
The Faculty Lounge
The Greek Crisis: Economic Meltdown or Mental One?
Lot’s of folks have been talking about this weekend’s New York Time’s article, Wall St. Helped to Mask Debt Fueling Europe’s Crisis, in which the Times contends that “Wall Street…
Pension Risk Matters
Leverage – I Love You, I Need You – Don’t Hurt Me
If institutional investors thought of leverage as a bouquet of daisies, they'd be playing "(S)he loves me, (S)he loves me not" and hoping to still be respected in the morning.…
Securities Law Prof Blog
Conti-Brown on Measurement of Financial Risk
A Proposed Fat-Tail Risk Metric: Disclosures, Derivatives and the Measurement of Financial Risk, by Peter Conti-Brown, Stanford Law School, was recently posted on SSRN. Here is the abstract:This paper argues…
The Conglomerate Blog: Business, Law, Economics & Society
Henry Hu, the Risk Czar
By Gordon Smith
The WSJ has a nice article about my former securities law professor Henry Hu, now the head of the new SEC Division of Risk, Strategy and Financial Innovation. In reading…
Securities Law Prof Blog
POGO Blogs on Loops in Derivatives Legislation
The Project on Government Oversight blog has a great post today exploring the initial testimony of the Financial Crisis Inquiry Commission and specifically the loopholes in the proposed regulation of…
Securities Law Prof Blog
Schapiro Testifies Before Financial Crisis Inquiry Commission
SEC Chair Mary Schapiro testified today before the Financial Crisis Inquiry Commission. Here is an excerpt of her testimony:It is my view that the crisis resulted from many interconnected and…
Securities Law Prof Blog
House Passes Financial Regulation Overhaul
After three days of floor debate, the House voted, 223-202, to overhaul government regulation of the financial markets. Among the bill's notable features:Heightened supervision of large financial institutions, including higher capital…
Securities Law Prof Blog
SEC Extends Exemptions to Permit ICE Trust to Operate as Central Couunterparty for CDSs
On Dec. 4, 2009, the SEC approved an extension and modification of temporary exemptions that allow ICE Trust U.S. LLC (f/k/a ICE US Trust LLC) to operate as a central counterparty…