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Full-Text Articles in Law
Central Clearing Of Financial Contracts: Theory And Regulatory Implications, Steven L. Schwarcz
Central Clearing Of Financial Contracts: Theory And Regulatory Implications, Steven L. Schwarcz
Faculty Scholarship
To protect economic stability, post-crisis regulation requires financial institutions to clear and settle most of their derivatives contracts through central counterparties, such as clearinghouses associated with securities exchanges. This Article asks whether regulators should expand the central clearing requirement to non-derivative financial contracts, such as loan agreements. The Article begins by theorizing how and why central clearing can reduce systemic risk. It then examines the theory’s regulatory and economic efficiency implications, first for current requirements to centrally clear derivatives contracts and thereafter for deciding whether to extend those requirements to non-derivative contracts. The inquiry has real practical importance because the …
Dartmouth College V. Woodward And The Structure Of Civil Society, Ernest A. Young
Dartmouth College V. Woodward And The Structure Of Civil Society, Ernest A. Young
Faculty Scholarship
No abstract provided.
Is There A First-Drafter Advantage In M&A?, Adam B. Badawi, Elisabeth De Fontenay
Is There A First-Drafter Advantage In M&A?, Adam B. Badawi, Elisabeth De Fontenay
Faculty Scholarship
No abstract provided.