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

  • Cornell Law School

  • European Corporate Governance Institute

SCHOLARLY PAPERS

24

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20,876

SSRN CITATIONS
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Top 18,472

in Total Papers Citations

35

CROSSREF CITATIONS

22

Scholarly Papers (24)

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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 4,892 (2,059)
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
John Armour, Dan Awrey, Paul L. Davies, Luca Enriques, Jeffrey N. Gordon, Colin Mayer and Jennifer Payne
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 2,551 (6,319)

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

3.

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

Downloads 2,221 ( 7,914)
Citation 6

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
Dan Awrey, Sir William Blair and David Kershaw
Cornell Law School, Queen Mary University of London and London School of Economics - Law Department
Downloads 1,826 (10,662)
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
Dan Awrey, Sir William Blair and David Kershaw
Cornell Law School, Queen Mary University of London and London School of Economics - Law Department
Downloads 395 (90,320)

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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 1,135 (22,735)
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 1,075 (24,620)
Citation 3

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

6.

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 947 (29,536)
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

7.

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
John Armour, Dan Awrey, Paul L. Davies, Luca Enriques, Jeffrey N. Gordon, Colin Mayer and Jennifer Payne
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 872 (33,173)
Citation 1

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

8.

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 868 (33,379)

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

9.

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: 61 Posted: 05 Feb 2021 Last Revised: 14 Jun 2021
Dan Awrey
Cornell Law School
Downloads 854 (34,124)

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

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 School
Downloads 706 (44,262)
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.

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 651 (49,284)
Citation 1

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

12.

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 639 (50,495)
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.

13.

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 618 (52,782)
Citation 1

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

14.

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 564 (59,351)
Citation 4

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

15.

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 School
Downloads 459 (76,438)
Citation 2

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

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 School
Downloads 396 (90,832)
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 School
Downloads 297 (125,086)

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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 School and University of Oxford - Faculty of Law
Downloads 257 (145,232)
Citation 1

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

19.

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 239 (155,873)
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

20.

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 School, Columbia Law School and Wharton Financial Institutions Center
Downloads 203 (182,000)

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

21.

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
Sean J. Griffith, Dan Awrey and Blanaid J. Clarke
Fordham University School of Law, Cornell Law School and Trinity College Dublin - School of Law
Downloads 181 (201,749)
Citation 2

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22.

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 143 (245,955)

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

23.

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 108 (306,584)
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

24.

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