About the Book
Derivatives Law and Regulation
Gary E. Kalbaugh
Special Professor of Law
Maurice A. Deane School of Law
2014. 552 pages. ISBN: 978-1-4548-5130-1.
About the Book
Derivatives Law and Regulation provides the framework for a course in the law and regulation of derivatives. It is clear, concise and thorough, offering a user-friendly, easily teachable structure, while conveying an exciting insight into this field of law.
Covered are both the long-standing regulatory regime for commodity futures and options and the regulatory regime for swaps mandated by the Dodd-Frank Act.
Look for these key features:
Examination of the contribution of derivatives to the Financial Crisis and the public policy considerations underlying the Dodd-Frank Act
Study of the Commodity Futures Trading Commission (CFTC) and its jurisdiction over most derivatives
Basic economic overview of derivatives and their function and descriptions of futures, forwards, options and the most common interest rate, foreign exchange, commodity, credit, and equity swaps
The law and regulation applying to CFTC registrants, including designated contract markets, derivatives clearing organizations, futures commission merchants, introducing brokers, floor brokers, commodity pool operators, commodity trading advisors, swap dealers, major swap participants, swap data repositories, and swap execution facilities
Focus on commodities fraud, market manipulation and the CFTCs enforcement authority, as enhanced by the Dodd-Frank Act
Detailed description of the documentation of off-exchange derivatives and commonly-negotiated provisions
Examination of the Bankruptcy Codes treatment of derivatives
Comparison of trading mechanics on traditional futures exchanges to trading mechanics on swap execution facilities, including with respect to custody of customer funds
Discussions of prominent failures in the derivatives market, such as Peregrine Financial Corporation, MF Global and Lehman Brothers
Comprehensive glossary of relevant terms