-the-counter derivative regulation. Many of the Dodd-Frank statutes and proposed rules go well beyond the relatively modest objectives agreed … the isolation of U.S. OTC derivative markets. Isolation results from participants simply abandoning U.S. markets because … of overly aggressive U.S. regulation. Regulatory arbitrage occurs as both U.S. and non-U.S. persons attempt to structure …

securities regulation. The discussion offers two theses: one descriptive and the other normative. Descriptively, drawing on … institutional approaches to the study of regulation, I show how regulatory systemic risk emerges in the US securities regulatory …

actors, be they individuals or institutions not permitted to contribute to financial market regulation as a public good. As … that arise between various interests and how these are managed within the process of regulation …