Financial derivatives have been acclaimed as the greatest innovation of the 20th century. This popularity is not unconnected to their use as risk management tool. It is therefore disconcerting that such instruments meant to manage risks can be blamed for having exacerbated it, to the extent of...

Following what might be considered as the closest call ever with financial armageddon, the surviving audience reels in Judgement Day array in search of the degenerated players and products responsible for this predicament. After more than three years from the ominous September 2008, the...

The global financial crisis (GFC) that the whole world was confronted with in 2007/09 proved to be an event of unprecedented severity that revealed major complications arising due to a combination of omissions, inattentiveness, a lack of understanding and even greediness on the part of market...

This Article rethinks how derivatives should be regulated. Adapted from Regulating Derivatives: A Fundamental Rethinking, 70 DUKE LAW JOURNAL 545 (2020) for publication in the SCIENCES PO LAW REVIEW’s January 2023 biennial issue (a symposium on “Financial Regulation after the 2008...

Bitcoin plunged by 30% on May 19, 2021. We examine the outage the largest crypto exchange Binance experienced during the crash, when it halted trading for retail clients and stopped providing transaction data. We find evidence that Binance back-filled these missing transactions with data that...