A rule of persons, not machines: the limits of legal automation

F Pasquale - Geo. Wash. L. Rev., 2019 - HeinOnline
For many legal futurists, attorneys' work is a prime target for automation. They view the legal
practice of most businesses as algorithmic: data (such as facts) are transformed into outputs …

Systematic regulation of systemic risk

SL Schwarcz - Wis. L. REv., 2019 - HeinOnline
SYSTEMATIC REGULATION OF SYSTEMIC RISK Introduction ....................................................................
2 I. Re Page 1 SYSTEMATIC REGULATION OF SYSTEMIC RISK STEVEN L. SCHWARCZ* A …

Extended Shareholder Liability for Systemically Important Financial Institutions

A Romano, L Enriques, JR Macey - Am. UL Rev., 2019 - HeinOnline
The default of a systemically important financial institution (SIFI) imposes significant negative
externalities. 1 Such a default inevitably propagates through the financial system with …

Law's Acceleration of Finance: Redefining the Problem of High-Frequency Trading

F Pasquale - Cardozo L. Rev., 2014 - HeinOnline
With the publication of Michael Lewis's book Flash Boys, the computerization of finance has
finally entered the limelight.'Lewis's bombshell book accused high technology traders (and …

The Systemic Risk Paradox: Banks and Clearninghouses under Regulation

FB Chang - Colum. Bus. L. Rev., 2014 - HeinOnline
Systemic risk-the risk posed to the entire financial system by the collapse of one major
player'-has become a household term. The demise of a systemically significant investment …

Too Big and Unable to Fail

SJ Lubben, AE Wilmarth Jr - Fla. L. Rev., 2017 - HeinOnline
Financial regulation after the Dodd-Frank Act has produced a blizzard of acronyms, many of
which revolve around the" too big to fail"(TBTF) problem. OLA, OLF, SPOE, and TLAC are …

Dodd-Frank is a Pigouvian regulation

AM Levine, JC Macey - Yale LJ, 2017 - HeinOnline
Almost eight years after the passage of Dodd-Frank, financial institutions remain large,
complex, and interconnected. Academics and policymakers across the ideological spectrum …

Correlated default and financial intermediation

G Phelan - The Journal of Finance, 2017 - Wiley Online Library
Financial intermediation naturally arises when knowing how loan payoffs are correlated is
valuable for managing investments but lenders cannot easily observe that relationship. I …

The Evolving Role of Economic Analysis in SEC Rulemaking

JT White - Ga. L. Rev., 2015 - HeinOnline
In economics literature, public policies are often compared to the benchmark of a benevolent
regulator-one that maximizes social welfare while balancing the interests of all affected …

Reconceptualizing Lehman

SJ Lubben, SP Woo - Tex. Int'l LJ, 2014 - HeinOnline
Reconceptualizing Lehman Page 1 Reconceptualizing Lehman STEPHEN J. LUBBEN* &
SARAH PEI WOO** SUMMARY INTRODUCTION .................................................. ............ 297 I …