Investing and Pretending

Author:Anita K. Krug
Position:Associate Dean for Research and Faculty Development and Associate Professor, University of Washington School of Law

One of the more prominent components of Dodd–Frank's regulatory changes was Title VII, providing for the regulation of the over-thecounter derivatives known as "swaps." A swap is a financial instrument whose value is based on an asset—the "reference asset"—that is wholly unrelated to the swap itself. Although there was much ado about swap regulation immediately after Dodd–Frank's enactment, the same cannot be said of the many rules... (see full summary)

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