Financial stability depends on the effective regulation of central counterparties (CCPs),
which must take account of the incentives that drive CCP behavior. This paper studies the …

Data standardization offers significant benefits for industry and regulators alike, suggesting
that it should be easy. In practice, however, the process has been difficult and slow moving …

This paper examines the impact of Basel III leverage ratio on the competitive landscape of
US derivatives markets. Because the leverage ratio focuses on notional amounts and does …

Complex and diverse connections among financial institutions and market participants and
across financial activities and borders are a defining characteristic of the modern financial …

Data standardization offers significant benefits for industry and regulators alike, suggesting
that it should be easy. In practice, however, the process has been difficult and slow moving …

This chapter describes the past and present regulatory reporting landscape for US swap
data and financial market infrastructures (FMIs). It argues that standards are essential to …

This dissertation examines emerging risks and regulatory concerns in exchange traded
funds (ETFs). It makes four core arguments through four published or accepted (and …

Prior to the global financial crisis of 2008, large dealer banks exercised strong influence
over the regulation of OTC (over-the-counter) derivatives in the United States and the …