Derivatives Law and Regulation
Now in its completely revised second edition, Derivatives Law and Regulation is a comprehensive and accessible casebook for law school futures, swaps, or derivatives classes. It provides a straightforward and thorough framework for a course in the law and regulation of derivatives. It is clear, concise, and user-friendly, conveying an exciting and easily teachable insight into this field of law.
The casebook addresses the regulatory regimes for futures, options, and swaps of all varieties. It assumes no pre-existing knowledge of derivatives and the first chapter is dedicated to introducing what they are and their economic functions.
Look for these key features:
- Basic economic overview of derivatives and their function, as well as descriptions of futures, forwards, options, and the most common interest rate, foreign exchange, commodity, credit, and equity swaps.
- Study of the jurisdiction over most derivatives conferred by the Commodity Exchange Act on the Commodity Futures Trading Commission (CFTC).
- The role of futures and swaps markets and their regulation, along with futures and swaps intermediaries and their regulation.
- The investment industry and derivatives.
- Examination of the contribution of derivatives to the Financial Crisis and the public policy considerations underlying the Dodd-Frank Act.
- Focus on transactions, including the documentation of swaps.
- Examination of the Bankruptcy Code’s treatment of derivatives.
- Review of the CFTC’s enforcement authority, as enhanced by the Dodd-Frank Act.
- The role of private rights of action.
- Cross-border issues and the regime for their resolution.
- Study of the Securities and Exchange Commission’s role with respect to security-based swaps.
- Comprehensive glossary of relevant terms.