Conventional economic analysis assumes that Central Counterparties (CCPs) may help to reduce systemic risk and avoid future financial crises by mandating the central clearing of over-the-counter (OTC) derivatives. This view largely goes unchallenged by governments, regulators, practitioners, and...

Necessary Evil is a penetrating investigation of the incredible impact the financial system has on human rights. The machinations of Wall Street can make or break people's lives on Main Street or No Street, and yet today we have lost control of finance, and finance has lost our trust. Necessary...

With growing financial globalization, international financial law has increased in significance and profile, especially in the wake of the global financial crisis of 2008 and the ongoing European financial crisis. Globalization of financial markets and the increase in frequency and severity of...

The financial crisis that erupted in 2007 highlighted how important trust is for the global system and how fragile it can be. The 2016 Bangladesh central bank cyber incident exposed a new threat to financial stability and the unprecedented scale of the risk that malicious cyber actors pose to...

DeFi, or Decentralized Finance, is the technological distribution of financial services empowered by blockchain. This alternative market deals with similar processes of traditional finance involving the creation, management, and investment of money and financial assets. However, the fundamental...