Dan Awrey

Cornell Law School

Professor of Law

Myron Taylor Hall

Cornell University

Ithaca, NY 14853-4901

United States

European Corporate Governance Institute

Research Member

c/o the Royal Academies of Belgium

Rue Ducale 1 Hertogsstraat

1000 Brussels

Belgium

SCHOLARLY PAPERS

23

DOWNLOADS
Rank 1,881

SSRN RANKINGS

Top 1,881

in Total Papers Downloads

18,258

SSRN CITATIONS
Rank 21,699

SSRN RANKINGS

Top 21,699

in Total Papers Citations

19

CROSSREF CITATIONS

22

Scholarly Papers (23)

1.

Complexity, Innovation and the Regulation of Modern Financial Markets

(2012) 2:2 Harvard Business Law Review 235-294, Oxford Legal Studies Research Paper No. 49/2011
Number of pages: 60 Posted: 25 Aug 2011 Last Revised: 16 Jan 2017
Dan Awrey
Cornell Law School
Downloads 4,731 (1,878)
Citation 3

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Complexity, financial innovation, financial regulation, shadow banking system, OTC derivatives, securitization, collateral swaps, synthetic exchange-traded funds, ETFs, Dodd-Frank Act, European Market Infrastructure Regulation

2.

Principles of Financial Regulation

This is the introductory chapter to a book entitled Principles of Financial Regulation, which will be published by Oxford University Press in 2016., European Corporate Governance Institute (ECGI) - Law Working Paper No. 277/2014, Columbia Public Law Research Paper No. 14-430, Saïd Business School WP 2014-12
Number of pages: 29 Posted: 21 Nov 2014 Last Revised: 04 Nov 2018
University of Oxford - Faculty of Law, Cornell Law School, University of Oxford- Faculty of Law, University of Oxford Faculty of Law, Columbia Law School, University of Oxford - Said Business School and University of Oxford - Faculty of Law
Downloads 2,317 (6,347)

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Financial regulation, Financial crisis, Banking regulation, Securities Regulation, Financial markets, Shadow Banking, Macro-Prudential Regulation, Principles of Financial Regulation

Between Law and Markets: Is There a Role for Culture and Ethics in Financial Regulation?

LSE Legal Studies Working Paper No. 14/2012
Number of pages: 44 Posted: 06 Oct 2012 Last Revised: 12 Sep 2013
Cornell Law School, Queen Mary University of London and London School of Economics - Law Department
Downloads 1,782 (9,656)
Citation 7

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Culture, ethics, finance, financial regulation, process-oriented regulation, corporate governance

Between Law and Markets: Is There a Role for Culture and Ethics in Financial Regulation?

Delaware Journal of Corporate Law (DJCL), Vol. 38, p. 191, 2013
Number of pages: 55 Posted: 22 Aug 2013 Last Revised: 12 Sep 2013
Cornell Law School, Queen Mary University of London and London School of Economics - Law Department
Downloads 386 (82,638)

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Delaware, Journal, Corporate, Law, Culture, Ethics

4.

Law and Finance in the Chinese Shadow Banking System

(2015) 48:1 Cornell International Law Journal 1-50, Oxford Legal Studies Research Paper No. 9/2014
Number of pages: 54 Posted: 19 Jan 2014 Last Revised: 09 Jan 2017
Dan Awrey
Cornell Law School
Downloads 1,110 (20,563)
Citation 1

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law and finance, legal theory of finance, shadow banking system, China, wealth management products, WMPs

5.

Regulating Financial Innovation: A More Principles-Based Alternative?

(2011) 5:2 Brooklyn Journal of Corporate, Financial and Commercial Law 273-315, Oxford Legal Studies Research Paper No. 79/2010
Number of pages: 59 Posted: 05 Nov 2010 Last Revised: 10 Jan 2017
Dan Awrey
Cornell Law School
Downloads 1,056 (22,112)

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Financial Regulation, Financial Innovation, Principles-Based Regulation, New Governance, Derivatives, Centralized Counterparties, CCPs, Dodd-Frank Act

6.

The Limits of EU Hedge Fund Regulation

(2011) 5:2 Law and Financial Markets Review 119-127, Oxford Legal Studies Research Paper No. 8/2011
Number of pages: 27 Posted: 12 Feb 2011 Last Revised: 10 Jan 2017
Dan Awrey
Cornell Law School
Downloads 854 (30,081)

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Shadow banking, hedge funds, alternative investment funds, financial regulation, systemic risk, EU, directive

7.

The Shadow Payment System

43 Journal of Corporation Law, Forthcoming, Oxford Legal Studies Research Paper No. 55/2016
Number of pages: 41 Posted: 27 Sep 2016 Last Revised: 29 May 2018
Dan Awrey and Kristin van Zwieten
Cornell Law School and University of Oxford - Faculty of Law
Downloads 839 (30,879)
Citation 1

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Fintech, shadow payment system, payment system, bank regulation, financial regulation, peer-to-peer payment system, PayPal, mobile money, M-Pesa, crypto-currency exchange, Bitcoin, Mt Gox, bankruptcy law

8.

Bank Governance

Principles of Financial Regulation (New York/Oxford: Oxford University Press, 2016), European Corporate Governance Institute (ECGI) - Law Working Paper No. 316/2016
Number of pages: 31 Posted: 11 Jun 2016 Last Revised: 15 Jun 2016
University of Oxford - Faculty of Law, Cornell Law School, University of Oxford- Faculty of Law, University of Oxford Faculty of Law, Columbia Law School, University of Oxford - Said Business School and University of Oxford - Faculty of Law
Downloads 784 (33,836)
Citation 1

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Financial regulation, bank governance, executive compensation, financial sector pay, independent directors, board structure

9.

Toward a Supply-Side Theory of Financial Innovation

Journal of Comparative Economics, Vol. 41, No. 2, 2013, Oxford Legal Studies Research Paper No. 44/2012
Number of pages: 60 Posted: 27 Jun 2012 Last Revised: 19 Aug 2014
Dan Awrey
Cornell Law School
Downloads 682 (40,913)
Citation 4

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financial innovation, Modigliani and Miller, OTC derivatives, securitization, structured finance, swaps, collateral swaps, synthetic exchange-traded funds, ETFs, Dodd-Frank Act

10.

The FSA, Integrated Regulation and the Curious Case of OTC Derivatives

(2010) 13:1 University of Pennsylvania Journal of Business Law 1-58, Oxford Legal Studies Research Paper No. 61/2010
Number of pages: 78 Posted: 21 Jul 2010 Last Revised: 10 Jan 2017
Dan Awrey
Cornell Law School
Downloads 643 (44,270)

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financial regulation, OTC derivatives, integrated regulation, institutional structure, political economy, financial market complexity, Dodd-Frank Act

11.

The Limits of Private Ordering Within Modern Financial Markets

(2015) 34:1 Review of Banking and Financial Law 183-255
Number of pages: 58 Posted: 10 May 2013 Last Revised: 09 Jan 2017
Dan Awrey
Cornell Law School
Downloads 613 (47,126)
Citation 1

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private ordering; market structure; financial regulation; London Interbank Offered Rate; Libor; International Swaps and Derivatives Association; ISDA; credit default swaps; CDS; determination committees.

12.

The Mechanisms of Derivatives Market Efficiency

(2016) 91:5 New York University Law Review 1104-1182, Oxford Legal Studies Research Paper No. 51/2015
Number of pages: 79 Posted: 17 Sep 2015 Last Revised: 09 Jan 2017
Dan Awrey
Cornell Law School
Downloads 558 (53,159)

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derivatives, dealers, market efficiency, Dodd-Frank Act, central clearing, prudential regulation, private ordering

13.

Why Financial Regulation Keeps Falling Short

Columbia Law and Economics Working Paper No. 617, Cornell Legal Studies Research Paper No. 20-03, European Corporate Governance Institute - Law Working Paper No. 494/2020
Number of pages: 54 Posted: 04 Feb 2020 Last Revised: 19 Feb 2020
Dan Awrey and Kathryn Judge
Cornell Law School and Columbia Law School
Downloads 367 (88,431)
Citation 1

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Financial regulation, financial stability, bank regulation, money market regulation, administrative law, experimentalism, dynamism, complexity

14.

Split Derivatives: Inside the World's Most Misunderstood Contract

Yale Journal on Regulation, Forthcoming, Oxford Legal Studies Research Paper No. 6/2019, European Corporate Governance Institute - Law Working Paper No. 520/2020
Number of pages: 72 Posted: 23 Aug 2018 Last Revised: 29 May 2020
Dan Awrey
Cornell Law School
Downloads 309 (107,136)
Citation 1

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derivatives, swaps, incomplete contracting, contractual governance, collateral, securities law, Dodd-Frank Act, clearinghouses, distributed ledger technology, smart contracts, dealer of last resort

15.

Macro-Prudential Financial Regulation: Panacea or Placebo?

Amsterdam Law Forum, Vol. 1, No. 3, 2009
Number of pages: 6 Posted: 03 Jun 2009 Last Revised: 20 Nov 2009
Dan Awrey
Cornell Law School
Downloads 292 (113,911)

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financial crisis, macro-economic, risk, markets, dan, awrey, macro-prudential

16.

Brother, Can You Spare a Dollar? Designing an Effective Framework for Foreign Currency Liquidity Assistance

2017:3 Columbia Business Law Review 934, Oxford Legal Studies Research Paper No. 33/2017
Number of pages: 83 Posted: 20 Apr 2017 Last Revised: 05 Sep 2018
Dan Awrey
Cornell Law School
Downloads 198 (167,491)
Citation 1

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Lender of Last Resort, Emergency Liquidity Assistance, ELA, Foreign Currency Liquidity Assistance, FCLA, Eurodollar Market, Financial Stability, Money Creation, IMF

17.

Bad Money

106 Cornell Law Review, Forthcoming
Number of pages: 64 Posted: 19 Feb 2020 Last Revised: 02 Apr 2020
Dan Awrey
Cornell Law School
Downloads 195 (170,648)

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Money, banking, bank regulation, money market funds, cryptocurrency, stablecoin, monetary institutions, money transmitter, Libra, safe assets

18.

Mapping the Shadow Payment System

SWIFT Institute Working Paper No. 2019-001, Cornell Legal Studies Research Paper No.19-44, Oxford Legal Studies Research Paper No. 55/2019
Number of pages: 43 Posted: 04 Oct 2019 Last Revised: 04 Jan 2020
Dan Awrey and Kristin van Zwieten
Cornell Law School and University of Oxford - Faculty of Law
Downloads 170 (191,876)
Citation 1

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Shadow Payment system, SPP, regulatory frameworks, bank deposits, mobile money, P2P, money remittance, cryptocurrency, exchange

19.

Resolving the Crisis in U.S. Merger Regulation: A Transatlantic Alternative to the Perpetual Litigation Machine

Yale Journal on Regulation, Vol. 35, No. 1, 2018, Fordham Law Legal Studies Research Paper No. 3136458
Number of pages: 66 Posted: 09 Mar 2018 Last Revised: 12 Mar 2018
Fordham University School of Law, Cornell Law School and Trinity College Dublin - School of Law
Downloads 166 (195,798)
Citation 2

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20.

Principles, Prescriptions and Polemics: Regulating Conflicts of Interest in the Canadian Investment Fund Industry

Dalhousie Law Journal, Vol. 32, No. 1, p. 69, 2009
Number of pages: 40 Posted: 17 Feb 2010
Dan Awrey
Cornell Law School
Downloads 141 (224,172)

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Financial Regulation, Conflicts of Interest, Principles-Based Regulation, Investment Fund Regulation

21.

The Puzzling Divergence of the Lender of Last Resort Regimes in the US and UK

45:3 Journal of Corporation Law 597-658, Cornell Legal Studies Research Paper No. 19-45
Number of pages: 62 Posted: 16 Sep 2019 Last Revised: 18 May 2020
Dan Awrey
Cornell Law School
Downloads 64 (375,149)

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Financial crisis, lender of last resort, emergency liquidity assistance, financial safety net, Federal Reserve, Bank of England, Dodd-Frank Act, Sterling Monetary Framework

22.

Comment Letter to the OCC Warning of the Dangers Posed by the Shadow Payment System and Shadow Digital Money

Number of pages: 17
Dan Awrey, Lev Menand and James McAndrews
Cornell Law School, Columbia Law School and Wharton Financial Institutions Center
Downloads 1

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Bank regulation; financial institutions; monetary institutions; deposit taking; shadow payment system; shadow digital money; money services businesses

23.

The Dynamics of OTC Derivatives Regulation: Bridging the Public-Private Divide

(2010) 11:2 European Business Organization Law Review 155-193, Oxford Legal Studies Research Paper
Posted: 06 Apr 2010 Last Revised: 10 Jan 2017
Dan Awrey
Cornell Law School

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Financial Market Regulation, Over-The-Counter (OTC) Derivatives Regulation, Public and Private Ordering, Private and Social Costs of Regulation, Asymmetries of Information and Expertise, Complexity within Financial Markets