Now in its completely revised second edition, Derivatives Law and Regulation is a comprehensive and accessible casebook for law school futures, swaps, or derivatives classes. It provides a straightforward and thorough framework for a course in the law and regulation of derivatives. It is clear, concise, and user-friendly, conveying an exciting and easily teachable insight into this field of law.
The casebook addresses the regulatory regimes for futures, options, and swaps of all varieties. It assumes no pre-existing knowledge of derivatives and the first chapter is dedicated to introducing what they are and their economic functions.
Look for these key features:
- Basic economic overview of derivatives and their function, as well as descriptions of futures, forwards, options, and the most common interest rate, foreign exchange, commodity, credit, and equity swaps.
- Study of the jurisdiction over most derivatives conferred by the Commodity Exchange Act on the Commodity Futures Trading Commission (CFTC).
- The role of futures and swaps markets and their regulation, along with futures and swaps intermediaries and their regulation.
- The investment industry and derivatives.
- Examination of the contribution of derivatives to the Financial Crisis and the public policy considerations underlying the Dodd-Frank Act.
- Focus on transactions, including the documentation of swaps.
- Examination of the Bankruptcy Code's treatment of derivatives.
- Review of the CFTC's enforcement authority, as enhanced by the Dodd-Frank Act.
- The role of private rights of action.
- Cross-border issues and the regime for their resolution.
- Study of the Securities and Exchange Commission's role with respect to security-based swaps.
- Comprehensive glossary of relevant terms.
"Gary Kalbaugh's book, Derivatives Law and Regulation (2nd edition), provides a gateway for students and practitioners to study and analyze derivative transactions and markets. The book's table of contents alone provides an important checklist for issues that need to be considered for every research project. The index, conversion tables, glossary and table of principal cases all provide access points to begin understanding and researching particular situations and scenarios. Kalbaugh's book enables the reader to study the trees all the while understanding the depth of the forest … His writing and analysis is concise, complete and articulate precisely because he has had to resolve these issues daily for clients and then explain them to students in the evening." — Dean Christian Johnson, Widener University Commonwealth Law School
"Derivatives Law and Regulation is an excellent reference on this evolving subject not only for the experienced derivatives lawyer, but especially for practitioners who are dipping their toes into the commodity pool for the first time and for law school professors and their students taking a derivatives law course...Derivatives Law and Regulation is a comprehensive treatise, is the most readable book on the subject and should be the go-to assigned text in law school classes."— Futures and Derivatives Law Report