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Full-Text Articles in Law

Legal Challenges In The Global Financial Crisis, Christian Johnson Jun 2015

Legal Challenges In The Global Financial Crisis, Christian Johnson

Christian A. Johnson

Legal Challenges in the Global Financial Crisis is the fruit of a conference held in Oxford in March 2012 that was organized by the Faculties of Law of the University of Oxford and the Ludwig-Maximilians-Universität München. The distinguished work of twelve experts and scholars drawn from the two Universities was, according to the editors, an effort to address the “gap in bridge-building” in understanding the Great Financial Crisis between the legal disciplines of constitutional law, financial markets regulation and European Law.


Moving From Soft Law To Hard Law In The Derivative Area: A Case Study, Christian Johnson May 2015

Moving From Soft Law To Hard Law In The Derivative Area: A Case Study, Christian Johnson

Christian A. Johnson

The Changing Landscape of Global Financial Governance and the Role of Soft Law provides interdisciplinary perspectives on the changing landscape of global financial governance by exploring the impact and role of soft law, directly or as a precursor of hard law, pertaining to financial governance.


A Practical Guide To Using Repo Master Agreements, Christian Johnson, Paul Harding Dec 2014

A Practical Guide To Using Repo Master Agreements, Christian Johnson, Paul Harding

Christian A. Johnson

This new 2nd edition offers readers a detailed guide on the most broadly used European and US repo master agreements all in one book. A comprehensive guide which also includes a summary of recent developments in the European and US repo markets since 2012.


Understanding The 2012 Master Securities Forward Transaction Agreement, Christian Johnson, Ranada Fergerson Dec 2013

Understanding The 2012 Master Securities Forward Transaction Agreement, Christian Johnson, Ranada Fergerson

Christian A. Johnson

The trading of forward-settling agency mortgage-backed securities (“MBS”) comprised of pools of home loan mortgage loans, executed in contemplation of securitization through Fannie Mae, Freddie Mac and Ginnie Mae, is one of the largest and most active markets in the world.


A Primer On Clearing Otc Derivatives: A Buyside Blueprint For Implementation, Christian Johnson, Laura Dicioccio May 2013

A Primer On Clearing Otc Derivatives: A Buyside Blueprint For Implementation, Christian Johnson, Laura Dicioccio

Christian A. Johnson

June 10, 2013 is an important date for many large buyside firms: the date that the Dodd-Frank Act will require them to clear over-the-counter derivatives. Even firms that qualify for the end-user exception to mandatory clearing may still want to have the ability and capacity to clear for pricing or operational efficiency reasons.


Mastering The Isda Collateral Documents, Christian Johnson, Paul Harding Dec 2011

Mastering The Isda Collateral Documents, Christian Johnson, Paul Harding

Christian A. Johnson

As the only accessible single volume guide to the ISDA Credit Support Annexes under English and US law, this revised and updated edition remains an invaluable resource for anyone negotiating these documents. Mastering the ISDA Collateral Documents is the essential introduction to collateral documentation. This thoroughly revised and updated edition provides informative and practical guidance and covers collateral management from an operational perspective. It focuses on the two main ISDA Credit Support Documents and provides a clear, concise explanation of their provisions and amendments commonly seen in the market.  


Mastering Securities Lending Documentation: A Practical Guide To The Main European And Us Master Securities Lending Agreements, Christian Johnson, Paul Harding Oct 2011

Mastering Securities Lending Documentation: A Practical Guide To The Main European And Us Master Securities Lending Agreements, Christian Johnson, Paul Harding

Christian A. Johnson

Securities lending master agreements are vital for covering securities loans between contracting parties. They also offer legal and credit protection and a close-out netting procedure if a party defaults or goes bankrupt. These agreements are widely used by banks, securities houses, pension funds, hedge funds and insurance companies.


Understanding Derivative Complexity And Convergence Book Review: Derivatives: Legal Practice And Strategies, Christian Johnson Dec 2009

Understanding Derivative Complexity And Convergence Book Review: Derivatives: Legal Practice And Strategies, Christian Johnson

Christian A. Johnson

For books written by practitioners for practitioners, reviews should focus on a few key issues: First, is the book written by experts recognized and respected by other practitioners? Next, is the material current and up-to-date on market practice? Finally, is the book accessible and easily usable by both expert and neophyte?


Opening A Portal Into The World Of Central Banking: A Review Of Legal Foundations Of International Monetary Stability Rosa M. Lastra, Christian Johnson Jan 2009

Opening A Portal Into The World Of Central Banking: A Review Of Legal Foundations Of International Monetary Stability Rosa M. Lastra, Christian Johnson

Christian A. Johnson

The term portal entered the commonplace lexicon in the 1990s. High-tech denizens co-opted the term to symbolize a gateway into the cyberworld of the internet. Just as yahoo and google provide access to the internet's riches, Rosa Lastra has provided a user-friendly portal into the arcane, jargon-laced and complex world of central banking. Just like an internet portal, Rosa Lastra has provided an extraordinary tool to decipher and understand the workings of international monetary stability, equally useful for the apprentice as well as the wizard.


Accounting For Mortgages And Mortgage Backed Securities, Christian Johnson, Luis Betancourt, Sharon Nowakowski Dec 2007

Accounting For Mortgages And Mortgage Backed Securities, Christian Johnson, Luis Betancourt, Sharon Nowakowski

Christian A. Johnson

Helps financial accounting policymakers and practitioners in companies, public accounting firms, and other professional environments keep abreast of ongoing and emerging issues and assists them in analyzing pronouncements and other actions by major accounting and auditing standard setters.


Collateralizing Over-The-Counter Derivative Obligations, Christian Johnson Aug 2007

Collateralizing Over-The-Counter Derivative Obligations, Christian Johnson

Christian A. Johnson

Featuring 16 chapters, the book provides a practitioner-oriented perspective on fixed charges over circulating assets, the role of the security trustee and the prospects for reform of the English personal property security regime. The book also examines the use of security interests to support derivatives and private equity transactions and the taking of security interest over aircraft, bank accounts, cross-border receivables, intellectual property and ships. Guidance is also provided on secured finance transactions in Brazil, China, the Czech Republic, Mexico, Poland and Russia and the use of credit derivatives to manage credit risk.


Accounting And Disclosure For Derivative Instruments (Portfolio 5112), Christian Johnson, Mary Grossman, Ira Kawaller, Reva Steinberg Dec 2006

Accounting And Disclosure For Derivative Instruments (Portfolio 5112), Christian Johnson, Mary Grossman, Ira Kawaller, Reva Steinberg

Christian A. Johnson

This Portfolio, BNA Tax and Accounting Portfolio 5112-2nd, Accounting and Disclosure for Derivative Instruments (Accounting Policy and Practice Series), explains both how to account for derivatives and how to disclose transactions in derivatives.


The Rosetta Stone Of Banking Regulation: The Law Of International Banking Institutions, Christian Johnson Sep 2006

The Rosetta Stone Of Banking Regulation: The Law Of International Banking Institutions, Christian Johnson

Christian A. Johnson

Although banking has gone global, banking regulation is still primarily local. A large money center bank in New York is just as likely to do business with an Austrian bank as one headquartered in California. However, even though each of the New York and Austrian banks engages in business banking, their chartering and regulations are still controlled by their local regulators. A failure to appreciate the differences between a bank chartered and regulated by the U.S. Office of the Comptroller of the Currency versus the Austrian Financial Market Authority can result in misunderstandings, lost business and perhaps civil or criminal …


Confronting The Top 10 Excuses When Negotiating Isda Derivative Documentation, Christian Johnson Aug 2006

Confronting The Top 10 Excuses When Negotiating Isda Derivative Documentation, Christian Johnson

Christian A. Johnson

ISDA Master Agreement negotiations are notoriously difficult and lengthy. Traders and marketers wring their hands in frustration at the inexplicable difficulty of putting into place standardized ISDA documentation, watching profitable opportunities to trade disappear.


Check Substitution: The Payment Processors' Perspective, Christian Johnson, Peter Soraparu Sep 2005

Check Substitution: The Payment Processors' Perspective, Christian Johnson, Peter Soraparu

Christian A. Johnson

The fifth and concluding panel of the Federal Reserve Bank of Chicago's 2005 Payments Conference brought together payment processors to discuss check substitution by payors and the elimination of the physical check in the clearance and settlement process. Although the panelists agreed that while check usage is decreasing, they generally concluded checks will still remain an important part of the payment system in the foreseeable future. The panelists focused on how innovations, incentives and regulation are influencing check substitution and improvements to check processing.


A Guide To Using And Negotiating Otc Derivatives Documentation, Christian Johnson Dec 2004

A Guide To Using And Negotiating Otc Derivatives Documentation, Christian Johnson

Christian A. Johnson

Focuses on the ISDA Agreements and how to apply them in OTC derivatives transactions.


Jobs, Christian Johnson Oct 2004

Jobs, Christian Johnson

Christian A. Johnson

Being a law professor's research assistant is much more than an opportunity to earn academic credit or a monetary stipend. It can significantly boost your job prospects by giving you additional legal research training and experience.


A Practical Guide To Repo Agreements, Christian Johnson, Paul Harding Sep 2004

A Practical Guide To Repo Agreements, Christian Johnson, Paul Harding

Christian A. Johnson

Your complete, line-by-line guide to the TBMA/ISMA Global Master Repo Agreement, the US Master Repo Agreement and the European Master Agreements.
This book also provides you with a detailed examination of
  • the rapid expansion of the repo market,
  • triparty repos and other products a review of legal issues.


The Failure Of Superior Bank Fsb: Regulatory Lessons Learned, Christian Johnson Dec 2003

The Failure Of Superior Bank Fsb: Regulatory Lessons Learned, Christian Johnson

Christian A. Johnson

Superior Bank, FSB became insolvent when it was required to write off $450 million of assets related to its securitization of subprime mortgage loans. This article explores the securitization process that Superior Bank used and discusses the effect that this process had on the income and capital of Superior Bank.


U.S. Perspective, Christian Johnson Nov 2003

U.S. Perspective, Christian Johnson

Christian A. Johnson

Mastering the ISDA Master Agreement 1992 and 2002, will provide a practical, clear and useful foundation for the fledgling negotiator as well as supporting them with a good overview of the legal, credit and operational issues inherent in the ISDA Master Agreement. Mastering the ISDA Master Agreement 1992 and 2002 is designed to build on the success of the first edition by extending coverage of to the new 2002 ISDA Master Agreement, and extends the coverage of the first edition. Once again this book will provide the many new entrants globally to derivatives documentation with a practical negotiation guide to …


"Hidden" Costs: A Case Study Of Bank And Borrowing And Interest Rate Swaps, Christian Johnson Oct 2002

"Hidden" Costs: A Case Study Of Bank And Borrowing And Interest Rate Swaps, Christian Johnson

Christian A. Johnson

Large money center and regional banks actively target and market interest rate swaps to middle market borrowers. Because these customers borrow at a variable rate, their bankers encourage them to hedge interest rate risk by concurrently entering into interest rate swaps.


The Otc Derivative Lawyer's Bookshelf: A Selected Biography, Christian Johnson Aug 2002

The Otc Derivative Lawyer's Bookshelf: A Selected Biography, Christian Johnson

Christian A. Johnson

The first popular publications about over-the-counter derivatives appear to have been written about the currency rate swap between the World Bank and IBM in 1981.


Mastering Collateral Management And Documentation: A Practical Guide For Negotiators, Christian Johnson, Paul Harding Dec 2001

Mastering Collateral Management And Documentation: A Practical Guide For Negotiators, Christian Johnson, Paul Harding

Christian A. Johnson

A one stop shop for a detailed introduction to collateral management and documentation, giving the reader a thorough grounding in the subject.


The Tax Law Clinic: Loyola Chicago's Decade Of Experience, Christian Johnson, Mary Grossman Aug 2000

The Tax Law Clinic: Loyola Chicago's Decade Of Experience, Christian Johnson, Mary Grossman

Christian A. Johnson

Since 1987 Loyola University Chicago School of Law has operated a tax clinic, educating students not only about the intricacies of tax law but also in basic legal skills, and helping hundreds of low-income taxpayers resolve tax matters with the Internal Revenue Service.


Over The Counter Derivatives Documentation: A Practical Guide For Executives, Christian Johnson Dec 1999

Over The Counter Derivatives Documentation: A Practical Guide For Executives, Christian Johnson

Christian A. Johnson

This Practical Guid provides an informational overview of the complex transactions of the over-the-counter derivatives market including, the role of ISDA, CFTC regulatory environment, etc.


An Apologia For The Use Of Over-The-Counter Derivatives, Christian Johnson Nov 1999

An Apologia For The Use Of Over-The-Counter Derivatives, Christian Johnson

Christian A. Johnson

This article reviews Over-the-Counter Derivative Products: A Guide to Business and Legal Risk Management and Documentation, by Robert M. McLaughlin (McGraw-Hill 1999) Assuming the role of apologist, Robert McLaughlin's work provides a comprehensive justification for, and defense of, the over-the-counter (“OTC”) derivatives market.


Learning To Think About International Tax, Christian Johnson Dec 1998

Learning To Think About International Tax, Christian Johnson

Christian A. Johnson

Review of "International Taxation" by Charles I. Kingson and Cynthia A. Blum.


Year 2000 Credit Risk And Derivatives: Insulating Banks From Counterparty Meltdown, Christian Johnson Sep 1998

Year 2000 Credit Risk And Derivatives: Insulating Banks From Counterparty Meltdown, Christian Johnson

Christian A. Johnson

Year 2000 computer software problems are looming large for financial institutions because bank regulators are now requiring them to confront not only their own problems, but also those of their customers. 


National Banks And Section 91: Protection From Judgment Creditors Pending Appeal, Christian Johnson, William Deitrick Mar 1995

National Banks And Section 91: Protection From Judgment Creditors Pending Appeal, Christian Johnson, William Deitrick

Christian A. Johnson

Although the National Bank Act was enacted over 100 years ago, national banking associations (national banks) have only recently realized the full benefits of Section 91 of the Act. 


The Danielson Rule: An Anodyne For The Pain Of Reasoning, Christian Johnson Sep 1989

The Danielson Rule: An Anodyne For The Pain Of Reasoning, Christian Johnson

Christian A. Johnson

For several decades, taxpayers bargained away tax advantages, often inadvertently, to opposing parties in formal agreements, reclaiming these same advantages by recharacterizing the transactions for tax purposes on their income tax returns.