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

25

DOWNLOADS
Rank 1,829

SSRN RANKINGS

Top 1,829

in Total Papers Downloads

22,046

SSRN CITATIONS
Rank 18,084

SSRN RANKINGS

Top 18,084

in Total Papers Citations

36

CROSSREF CITATIONS

24

Scholarly Papers (25)

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 SchoolEuropean Corporate Governance Institute
Downloads 4,949 (2,110)
Citation 4

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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 SchoolEuropean Corporate Governance Institute, 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 2,616 (6,340)

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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 SchoolEuropean Corporate Governance Institute, Queen Mary University of LondonQueen Mary University of London - Centre for Commercial Law Studies and LSE Law School and ECGIEuropean Corporate Governance Institute (ECGI)
Downloads 1,834 (11,079)
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 SchoolEuropean Corporate Governance Institute, Queen Mary University of LondonQueen Mary University of London - Centre for Commercial Law Studies and LSE Law School and ECGIEuropean Corporate Governance Institute (ECGI)
Downloads 397 (92,984)

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Delaware, Journal, Corporate, Law, Culture, Ethics

4.

Unbundling Banking, Money, and Payments

European Corporate Governance Institute - Law Working Paper No. 565/2021, Cornell Legal Studies Research Paper No. 21-11, Georgetown Law Journal, Forthcoming
Number of pages: 67 Posted: 05 Feb 2021 Last Revised: 22 Jun 2021
Dan Awrey
Cornell Law SchoolEuropean Corporate Governance Institute
Downloads 1,179 (22,428)

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banking, money, payments, payment systems, financial safety net, financial infrastructure, financial innovation, platforms, cryptocurrency, central bank digital currency, CBDC

5.

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 SchoolEuropean Corporate Governance Institute
Downloads 1,139 (23,535)
Citation 2

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

6.

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 SchoolEuropean Corporate Governance Institute
Downloads 1,080 (25,433)
Citation 3

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

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 SchoolEuropean Corporate Governance Institute and University of Oxford - Faculty of Law
Downloads 979 (29,245)
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 SchoolEuropean Corporate Governance Institute, 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 909 (32,888)
Citation 1

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

9.

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 SchoolEuropean Corporate Governance Institute
Downloads 868 (34,649)

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

10.

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 SchoolEuropean Corporate Governance Institute
Downloads 712 (45,389)
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

11.

Bad Money

106:1 Cornell Law Review 1 (2020); Cornell Legal Studies Research Paper No. 20-38
Number of pages: 90 Posted: 02 Oct 2020 Last Revised: 02 Mar 2021
Dan Awrey
Cornell Law SchoolEuropean Corporate Governance Institute
Downloads 657 (50,809)
Citation 2

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

12.

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 SchoolEuropean Corporate Governance Institute
Downloads 653 (50,911)
Citation 1

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

13.

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 SchoolEuropean Corporate Governance Institute
Downloads 643 (51,976)
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.

14.

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 SchoolEuropean Corporate Governance Institute
Downloads 629 (53,514)
Citation 1

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

15.

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 SchoolEuropean Corporate Governance Institute and Columbia Law School
Downloads 602 (56,562)
Citation 5

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

16.

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 SchoolEuropean Corporate Governance Institute
Downloads 410 (90,412)
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

17.

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 SchoolEuropean Corporate Governance Institute
Downloads 297 (129,362)

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

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 SchoolEuropean Corporate Governance Institute and University of Oxford - Faculty of Law
Downloads 291 (132,164)
Citation 1

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

19.

Comment Letter - Office of the Comptroller of the Currency: Warning of the Dangers Posed by the Shadow Payment System and Shadow Digital Money

Cornell Legal Studies Research Paper No. 20-43, Columbia Law and Economics Working Paper No. 648
Number of pages: 18 Posted: 02 Oct 2020 Last Revised: 10 Apr 2021
Dan Awrey, Lev Menand and James McAndrews
Cornell Law SchoolEuropean Corporate Governance Institute, Columbia Law School and Wharton Financial Institutions Center
Downloads 255 (151,137)

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Bank Regulation; Financial Institutions; Monetary Institutions; Deposit Taking; Shadow Payment System; Shadow Digital Money; Money Services Businesses

20.

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 SchoolEuropean Corporate Governance Institute
Downloads 251 (153,590)
Citation 2

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

21.

Open Access, Interoperability, and the DTCC's Unexpected Path to Monopoly

Number of pages: 50 Posted: 14 Jul 2021 Last Revised: 20 Jul 2021
Dan Awrey and Joshua Macey
Cornell Law SchoolEuropean Corporate Governance Institute and University of Chicago Law School
Downloads 242 (159,821)

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Open access, interoperability, networks, coordination, competition, monopoly, financial market infrastructure, securities clearing and settlement, securities depositories, antitrust, financial regulation, financial stability

22.

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 SchoolEuropean Corporate Governance Institute and Trinity College Dublin - School of Law
Downloads 187 (203,409)
Citation 2

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23.

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 SchoolEuropean Corporate Governance Institute
Downloads 143 (253,823)

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

24.

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 SchoolEuropean Corporate Governance Institute
Downloads 124 (283,113)
Citation 1

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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

25.

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 SchoolEuropean Corporate Governance Institute

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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