Collateral, Risk Management, and the Distribution of Debt Capacity
Editor's Note: This post comes to us from Adriano Rampini of the Finance Department at Duke University, and S. Viswanathan, Professor of Finance at Duke University. In our paper, Collateral, Risk...
View ArticleTests of Ex Ante versus Ex Post Theories of Collateral
Editor's Note: The following post comes to us from Allen Berger, Professor of Finance at the University of South Carolina; W. Scott Frame of the Federal Reserve Bank of Atlanta; and Vasso Ioannidou,...
View ArticleThe Economics of Credit Default Swaps
Editor's Note: The following post comes to us from Robert Jarrow, Professor of Finance at Cornell University. Credit default swaps (CDS) are term insurance contracts written on the notional value of an...
View ArticleCFTC Rule on Protection of Swap Collateral
Editor's Note: Annette Nazareth is a partner in the Financial Institutions Group at Davis Polk & Wardwell LLP, and a former Commissioner at the U.S. Securities and Exchange Commission. This post is...
View ArticleLehman Bankruptcy Court Interprets Safe Harbor Protections
Editor's Note: The following post comes to us from James L. Bromley, partner and a leader of the global restructuring and insolvency practice at Cleary Gottlieb Steen & Hamilton LLP, and is based...
View ArticleSecured Creditor’s Right to Credit Bid in Cramdown Plans
Editor's Note: The following post comes to us from Douglas P. Bartner, partner in the Bankruptcy & Reorganization Group at Shearman & Sterling LLP, and is based on a Shearman & Sterling...
View ArticleThe Supply and Demand for Safe Assets
Editor's Note: Gary Gorton is a Professor of Finance at Yale School of Management. In the recent NBER working paper, my co-author, Guillermo Ordoñez of the University of Pennsylvania, and I develop a...
View ArticleBasel Committee and IOSCO Release Framework for Uncleared Derivatives Margin
Editor's Note: Annette Nazareth is a partner in the Financial Institutions Group at Davis Polk & Wardwell LLP, and a former commissioner at the U.S. Securities and Exchange Commission. The...
View ArticleSegregation of Initial Margin Posted in Connection with Uncleared Swaps
Editor's Note: The following post comes to us from Leigh R. Fraser, partner and co-head of the hedge funds group at Ropes & Gray LLP, and is based on a Ropes & Gray publication by Ms. Fraser,...
View ArticleBroker-dealers: Lock in your Liquidity
Posted by Dan Ryan, PricewaterhouseCoopers LLP, on Saturday, October 17, 2015 Editor's Note: Dan Ryan is Leader of the Financial Services Advisory Practice at PricewaterhouseCoopers LLP. This post is...
View ArticleCollateral, Risk Management, and the Distribution of Debt Capacity
Posted by R. Christopher Small, Co-editor, HLS Forum on Corporate Governance and Financial Regulation, on Wednesday, July 14, 2010 Editor's Note: This post comes to us from Adriano Rampini of the...
View ArticleTests of Ex Ante versus Ex Post Theories of Collateral
Posted by R. Christopher Small, Co-editor, HLS Forum on Corporate Governance and Financial Regulation, on Friday, November 19, 2010 Editor's Note: The following post comes to us from Allen Berger,...
View ArticleThe Economics of Credit Default Swaps
Posted by R. Christopher Small, Co-editor, HLS Forum on Corporate Governance and Financial Regulation, on Friday, July 29, 2011 Editor's Note: The following post comes to us from Robert Jarrow,...
View ArticleCFTC Rule on Protection of Swap Collateral
Posted by Annette L. Nazareth, Davis Polk & Wardwell LLP, on Tuesday, February 14, 2012 Editor's Note: Annette Nazareth is a partner in the Financial Institutions Group at Davis Polk & Wardwell...
View ArticleLehman Bankruptcy Court Interprets Safe Harbor Protections
Posted by Noam Noked, co-editor, HLS Forum on Corporate Governance and Financial Regulation, on Tuesday, May 22, 2012 Editor's Note: The following post comes to us from James L. Bromley, partner and a...
View ArticleSecured Creditor’s Right to Credit Bid in Cramdown Plans
Posted by Noam Noked, co-editor, HLS Forum on Corporate Governance and Financial Regulation, on Wednesday, June 20, 2012 Editor's Note: The following post comes to us from Douglas P. Bartner, partner...
View ArticleThe Supply and Demand for Safe Assets
Posted by Gary Gorton, Yale School of Management, on Friday, March 22, 2013 Editor's Note: Gary Gorton is a Professor of Finance at Yale School of Management. In the recent NBER working paper, my...
View ArticleBasel Committee and IOSCO Release Framework for Uncleared Derivatives Margin
Posted by Annette L. Nazareth, Davis Polk & Wardwell LLP, on Thursday, October 3, 2013 Editor's Note: Annette Nazareth is a partner in the Financial Institutions Group at Davis Polk & Wardwell...
View ArticleSegregation of Initial Margin Posted in Connection with Uncleared Swaps
Posted by Noam Noked, co-editor, HLS Forum on Corporate Governance and Financial Regulation, on Saturday, April 19, 2014 Editor's Note: The following post comes to us from Leigh R. Fraser, partner and...
View ArticleBroker-dealers: Lock in your Liquidity
Posted by Dan Ryan, PricewaterhouseCoopers LLP, on Saturday, October 17, 2015 Editor's Note: Dan Ryan is Leader of the Financial Services Advisory Practice at PricewaterhouseCoopers LLP. This post is...
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