Ryan Clements

University of Calgary Faculty of Law

Assistant Professor, Chair Business Regulation

Murray Fraser Hall

2500 University Dr. N.W.

Calgary, Alberta T2N 1N4

Canada

http://https://law.ucalgary.ca/profiles/clements

  • University of Calgary Faculty of Law

SCHOLARLY PAPERS

20

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11,892

SSRN CITATIONS
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SSRN RANKINGS

Top 48,332

in Total Papers Citations

12

CROSSREF CITATIONS

2

Ideas:
“  I am an Assistant Professor, Chair in Business Law and Regulation at the University of Calgary Faculty of Law. I completed my doctorate in juridical science (SJD) in 2020, and my LLM (magna cum laude) in 2018 both at Duke Law School. My academic research interests are in exchange traded products, financialization, financial product innovation, financial technology (fintech) and crypto-assets.  ”

  • University of Calgary Faculty of Law

Scholarly Papers (20)

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1.

Built to Fail: The Inherent Fragility of Algorithmic Stablecoins

11 Wake Forest L. Rev. Online 131 (October 2021)
Number of pages: 15 Posted: 18 Nov 2021
Ryan Clements
University of Calgary Faculty of Law
Downloads 4,508 (3,462)

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Crypto, Stablecoins, Algorithmic Stablecoin, Systemic Risk, Arbitrage, Efficient Markets, DeFi, Decentralized Finance

2.

Assessing the Evolution of Cryptocurrency: Demand Factors, Latent Value and Regulatory Developments

Forthcoming, Volume 8, Michigan Business & Entrepreneurial Law Review
Number of pages: 45 Posted: 03 Feb 2018 Last Revised: 22 Feb 2018
Ryan Clements
University of Calgary Faculty of Law
Downloads 1,048 (34,534)
Citation 2

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Bitcoin, Cryptocurrency, Digital Currency, Blockchain, Distributed Ledger Technology

3.

Regulating Fintech in Canada and the United States: Comparison, Challenges and Opportunities

Downloads 1,030 (35,372)
Citation 1

Regulating Fintech in Canada and the United States: Comparison, Challenges and Opportunities

University of Calgary, School of Public Policy Research Series, 2019
Number of pages: 40 Posted: 05 Jan 2019
Ryan Clements
University of Calgary Faculty of Law
Downloads 926 (40,478)
Citation 1

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fintech, fintech regulation, financial technology, cryptocurrency, bitcoin, fintech credit, marketplace lending, robo-advisor, open banking, special purpose charter, fintech banking, ICOs

Regulating Fintech in Canada and the United States: Comparison, Challenges and Opportunities

The School of Public Policy Publications Volume 12:23 August 2019
Number of pages: 45 Posted: 13 Aug 2019
Ryan Clements
University of Calgary Faculty of Law
Downloads 104 (411,829)

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fintech, financial regulation, cryptocurrency

4.

Emerging Canadian Crypto-Asset Jurisdictional Uncertainties and Regulatory Gaps

(2021) 37 Banking and Finance Law Review 25
Number of pages: 29 Posted: 09 Aug 2021 Last Revised: 13 Dec 2021
Ryan Clements
University of Calgary Faculty of Law
Downloads 922 (41,332)

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Cryptocurrency, Crypto, Defi, Decentralized Finance, NFT, Non-Fungible Token, Bitcoin, Uniswap, Securities, Derivatives, Canada, Crypto-Assets, Fintech

5.

Defining the Regulatory Perimeter for Stablecoins in Canada

(2022), 66 C.B.L.J. 201
Number of pages: 29 Posted: 14 Jun 2022 Last Revised: 16 Sep 2022
Ryan Clements
University of Calgary Faculty of Law
Downloads 519 (87,643)
Citation 2

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stablecoin, crypto-asset, crypto, cryptocurrency, digital asset, payment, systemic risk, Canada, securities regulation, securities, banking

6.

Why Comparability is a Greater Problem Than Greenwashing in ESG ETFs

13(2) William & Mary Business Law Review 441 (2022)
Number of pages: 47 Posted: 02 Sep 2021 Last Revised: 22 Apr 2022
Ryan Clements
University of Calgary Faculty of Law
Downloads 470 (98,822)

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sec, securities, investment funds, greenwashing, governance, social, environmental, esg, exchange traded fund, etf

7.

Regulating Fintech in Canada and the United States: Comparison, Challenges and Opportunities (2020)

Forthcoming, The Routledge Handbook of FinTech (Routledge, UK), December 2020
Number of pages: 51 Posted: 14 Apr 2020
Ryan Clements
University of Calgary Faculty of Law
Downloads 413 (115,371)
Citation 4

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fintech, fintech regulation, financial technology, cryptocurrency, bitcoin, fintech credit, marketplace lending, robo-advisor, open banking, special purpose charter, fintech banking, ICO

8.

Fintech In Canada

Claudia Sandei et al. eds. 'Research Handbook on the Law of Fintech', Digital Innovation and Technology Law Lab, Digital Law Network, University of Padova, Italy (2020 Forthcoming)
Number of pages: 15 Posted: 30 Dec 2019
Ryan Clements
University of Calgary Faculty of Law
Downloads 413 (115,012)

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fintech, fintech regulation, financial technology, cryptocurrency, bitcoin, fintech credit, marketplace lending, robo-advisor, open banking, ICOs

9.

Misaligned Incentives in Markets: Envisioning Finance That Benefits All of Society

19 DePaul Bus. & Comm. L.J. 1 (2021)
Number of pages: 62 Posted: 21 Mar 2021 Last Revised: 04 Nov 2021
Ryan Clements
University of Calgary Faculty of Law
Downloads 337 (144,358)

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Financial system, financial market, minsky, financialization, incentives, financial crisis, moral hazard, debt origination, meme stock, ETF, exchange traded fund, ETP, SPAC, private equity, ESG, indexing, investment funds, greenwashing, corporate governance

10.

New Funds, Familiar Fears: Do Exchange Traded Funds Make Markets Less Stable? Part I, Liquidity Illusions

20 Hou. Bus. & Tax L. J. 15 (2020).
Number of pages: 45 Posted: 23 Apr 2019 Last Revised: 07 Apr 2020
Ryan Clements
University of Calgary Faculty of Law
Downloads 297 (165,023)
Citation 1

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exchange traded funds, liquidity, interaction effects, investor herding, systemic risk, financialization, supply side innovation, tragedy of the commons, market complexity

11.

Entry Barriers in Fintech

Chapter in "Fintech Competition," Konstantinos Stylianou et al. eds. (Forthcoming, 2023 London: Bloomsbury-Hart).
Number of pages: 21 Posted: 04 Oct 2022
Ryan Clements
University of Calgary Faculty of Law
Downloads 292 (168,538)

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Fintech, Entry Barriers, Network Effects, Platform Finance, Interoperability, Switching Costs, Concentration Risk

12.

Are ETFs Making Some Asset Managers Too Interconnected to Fail?

22(4) U. Pa. J. Bus. L. 772 (2020)
Number of pages: 71 Posted: 10 Mar 2020 Last Revised: 12 Aug 2020
Ryan Clements
University of Calgary Faculty of Law
Downloads 283 (173,544)
Citation 1

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Exchange Traded Funds, ETF, Systemic Risk, Too Connected To Fail, Too Big To Fail, Financial Crisis, Arbitrage, Authorized Participant, Contagion, Herding, Fire Sales, Information Cascades, FSOC, Activities-based, entity-based

13.

Evaluating the Costs and Benefits of a Smart Contract Blockchain Framework for Credit Default Swaps

(Forthcoming) 10 William & Mary Business Law Review 3 (2019)
Number of pages: 43 Posted: 26 Jul 2018
Ryan Clements
University of Calgary Faculty of Law
Downloads 243 (202,070)

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blockchain, smart contracts, distributed ledger technology, derivatives, credit default swaps, credit derivatives

14.

Financial Inclusion in British Columbia: Evaluating the Role of Fintech

Government of British Columbia, Expert Panel on Basic Income Research Paper
Number of pages: 72 Posted: 29 Mar 2021
Ryan Clements
University of Calgary Faculty of Law
Downloads 241 (203,713)

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Fintech, Financial Inclusion, Unbanked, Underbanked, Financial Exclusion, Challenger Banking, Cryptocurrency, Cryptoassets, Open Banking, Mobile Banking, Neo Banking, Fringe Finance, Predatory Lending, Payday Lending

15.

The Code of Capital (Book Review)

36 Banking & Finance Law Review 323 (2021)
Number of pages: 5 Posted: 01 Dec 2020 Last Revised: 17 May 2021
Ryan Clements
University of Calgary Faculty of Law
Downloads 212 (230,235)

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Code of Capital, COVID-19, Book Review, Global Debt Loop, Financial Products

16.

New Funds, Familiar Fears: Are Exchange Traded Funds Making Markets Less Stable? Part II – Interaction Risks

21(1) Hou. Bus. & Tax L. J. 1 (2020)
Number of pages: 49 Posted: 25 Nov 2019 Last Revised: 09 Nov 2020
Ryan Clements
University of Calgary Faculty of Law
Downloads 212 (230,235)

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ETF, Passive Investing, Herding, Systemic Risk, 2008 Crisis, Financial Product Innovation, Market Efficiency, High Frequency Trading, Interaction Risk, Contagion, Information Cascade

17.

Exchange-Traded Confusion: How Industry Practices Undermine Product Comparisons in Exchange Traded Funds

15(2) Va. L. & Bus. Rev. 125 (2021)
Number of pages: 67 Posted: 27 Aug 2020 Last Revised: 07 Jul 2021
Ryan Clements
University of Calgary Faculty of Law
Downloads 193 (250,712)

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ETF, exchange traded fund, exchange traded product, securities, securities disclosure, capital markets, asset managers, model portfolios, behavioral finance, behavioral economics, Investment Company, Investment Company Act, Exchange Act, Securities Act, Arbitrage, Indexing, Passive Investing

18.

Trump's 'Big-League' Tax Reform: Assessing the Impact and Constitutionality of the President's Proposed Changes

Forthcoming 2018, Michigan Business and Entrepreneurial Law Review
Number of pages: 51 Posted: 05 Aug 2017 Last Revised: 31 Aug 2017
Ryan Clements
University of Calgary Faculty of Law
Downloads 155 (302,914)

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tax law, law and economics, Donald Trump, tax reform, border adjustment, statutory interpretation, economic analysis, constitutionality, constitutional law

19.

Rewarding Innovation or Facilitating Conflict? Exploring the Legal Implications of Teacherpreneurship

Forthcoming 2019, Journal of Law & Education
Number of pages: 43 Posted: 03 Feb 2018 Last Revised: 22 Feb 2018
Ryan Clements
University of Calgary Faculty of Law
Downloads 69 (525,226)

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education, fintech, regulatory sandbox, teacherpreneur, teacher conflict

20.

Could Alberta Enact a Sub-National Open Banking Regime?

The School of Public Policy Publications Volume 15:30 October 2022
Number of pages: 35 Posted: 21 Oct 2022
Ryan Clements
University of Calgary Faculty of Law
Downloads 35 (702,089)

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open banking, open data, data portability, consumer data right, digital identity, regulatory sandbox, Alberta, Canada, fintech, financial technology, API, application programming interface, screen scraping