Saule T. Omarova

Cornell University - Law School

Professor

Myron Taylor Hall

Cornell University

Ithaca, NY 14853-4901

United States

  • Cornell University - Law School

SCHOLARLY PAPERS

35

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Top 1,069

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32,628

SSRN CITATIONS
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SSRN RANKINGS

Top 15,994

in Total Papers Citations

34

CROSSREF CITATIONS

36

Scholarly Papers (35)

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1.

The People’s Ledger: How to Democratize Money and Finance the Economy

Cornell Legal Studies Research Paper No. 20-45, 74 Vanderbilt Law Review 1231 (2021)
Number of pages: 71 Posted: 21 Oct 2020 Last Revised: 15 Oct 2021
Saule T. Omarova
Cornell University - Law School
Downloads 9,385 (750)

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central banking, Federal Reserve, CBDC, digital dollar, digital currency, FedAccounts, central bank balance sheet, financial system, systemic risk, shadow banking, structural reform, Glass-Steagall, fintech, financial stability, monetary policy, National Investment Authority, infrastructure finance,

2.

The Merchants of Wall Street: Banking, Commerce, and Commodities

Minnesota Law Review, Vol. 98, 2013
Number of pages: 91 Posted: 26 Nov 2012 Last Revised: 08 Nov 2013
Saule T. Omarova
Cornell University - Law School
Downloads 3,077 (5,111)
Citation 7

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bank regulation, financial institutions, commodities, Bank Holding Company Act, Gramm-Leach-Bliley Act, complementary activities, merchant banking, banking and commerce, financial regulation reform, financial intermediation

3.

The Finance Franchise

102 Cornell L. Rev. 1143 (2017), Cornell Legal Studies Research Paper No. 16-29
Number of pages: 77 Posted: 11 Aug 2016 Last Revised: 09 Aug 2017
Robert C. Hockett and Saule T. Omarova
Cornell University - Law School and Cornell University - Law School
Downloads 2,797 (5,972)
Citation 7

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Bitcoin, Blockchain, Banking, Broker-Dealers, Capital Markets, Central Banks, Clearing Systems, Credit, Derivatives, Federal Reserve, Finance, Financial Markets, Financial Reform, Money, Money Markets, Payment Systems, Settlement Systems

4.

Central Bank Money: Liability, Asset, or Equity of the Nation?

Downloads 2,101 ( 9,487)
Citation 1

Central Bank Money: Liability, Asset, or Equity of the Nation?

Cornell Legal Studies Research Paper 20-46
Number of pages: 44 Posted: 17 Nov 2020
Michael Kumhof, Jason G Allen, Will Bateman, Rosa M. Lastra, Simon Gleeson and Saule T. Omarova
CEPR, Humboldt-Universität zu Berlin Großbritannien-Zentrum, Australian National University, Law School, Centre for Commercial Law Studies, Queen Mary University of London, Clifford Chance and Cornell University - Law School
Downloads 2,099 (9,312)
Citation 3

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Central bank money, currency, central bank reserves, central bank digital currency, quantitative easing, central bank balance sheet, liabilities, assets, equity, government debt

Central Bank Money: Liability, Asset, or Equity of the Nation?

Number of pages: 46 Posted: 23 Dec 2020
Michael Kumhof, Jason Allen, Will Bateman, Rosa M. Lastra, simon gleeson and Saule T. Omarova
CEPR, Humboldt University of Berlin, Australian National University, Law School, Centre for Commercial Law Studies, Queen Mary University of London, Clifford Chance and Cornell University - Law School
Downloads 2 (836,761)
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5.

New Tech v. New Deal: Fintech As A Systemic Phenomenon

36 Yale Journal on Regulation 735 (2019)., Cornell Legal Studies Research Paper No. 18-39
Number of pages: 60 Posted: 06 Nov 2019
Saule T. Omarova
Cornell University - Law School
Downloads 1,887 (11,344)
Citation 7

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fintech,fintech regulation,financial regulation,fintech charter,financial stability,systemic risk,blockchain,bitcoin,cryptocurrency,financial innovation,ICO,smart contract,robo-advising,crowdfunding,crypto asset,New Deal,Treasury report,financial markets,secondary market trading,regulatory arbitrage

6.

Why We Need a National Investment Authority

Cornell Legal Studies Research Paper No. 20-34
Number of pages: 8 Posted: 01 Apr 2020 Last Revised: 24 Jun 2020
Saule T. Omarova
Cornell University - Law School
Downloads 1,256 (21,183)
Citation 2

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COVID, Coronavirus, financial crisis, bailout, emergency relief, NIA, RFC, economic mobilization, golden share, public stake, public equity, industrial policy, Green New Deal, public infrastructure finance, crisis response, crisis coordination

7.

The Quiet Metamorphosis: How Derivatives Changed the 'Business of Banking'

University Miami Law Review, Vol. 63, p. 1041, 2009, UNC Legal Studies Research Paper No. 1491767
Number of pages: 70 Posted: 21 Oct 2009 Last Revised: 20 Feb 2010
Saule T. Omarova
Cornell University - Law School
Downloads 1,226 (21,971)
Citation 2

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business of banking, bank powers, national bank, bank regulation, financial regulation, derivatives, systemic risk, OCC, Comptroller of the Currency, interpretive letter, agency interpretation, regulatory reform, financial intermediation

8.

Technology v. Technocracy: Fintech as a Regulatory Challenge

6 J. Fin. Reg. 1 (2020), Cornell Legal Studies Research Paper No. 20-14
Number of pages: 62 Posted: 27 Feb 2020 Last Revised: 10 Jul 2020
Saule T. Omarova
Cornell University - Law School
Downloads 906 (34,098)
Citation 1

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fintech, RegTech, financial regulation, systemic risk, financial stability, cryptoassets, regulatory sandbox, fintech charter, BigTech, Libra, CBDC, central banking, Federal Reserve, financial innovation, Bitcoin, blockchain, DLT, smart contract, AI, roboadvice, financial market infrastructure.

9.

From Gramm-Leach-Bliley to Dodd-Frank: The Unfulfilled Promise of Section 23A of the Federal Reserve Act

North Carolina Law Review, Vol. 89, 2011, UNC Legal Studies Research Paper No. 1828445
Number of pages: 88 Posted: 01 May 2011
Saule T. Omarova
Cornell University - Law School
Downloads 709 (47,438)
Citation 2

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financial regulation, banking law, bank regulation, regulatory reform, affiliate transactions, Federal Reserve Act, Section 23A, Gramm-Leach-Bliley Act, Dodd-Frank Act

10.

That Which We Call a Bank: Revisiting the History of Bank Holding Company Regulation in the United States

Review of Banking and Financial Law, Vol. 31, 2011-2012
Number of pages: 72 Posted: 07 Dec 2011
Saule T. Omarova and Margaret E. Tahyar
Cornell University - Law School and Davis Polk & Wardwell LLP
Downloads 578 (61,735)

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11.

Dealing With Disruption: Emerging Approaches to FinTech Regulation

61 WASH. U. J. L. & POL’Y 25 (2020)., Cornell Legal Studies Research Paper No. 20-17
Number of pages: 30 Posted: 15 Apr 2020
Saule T. Omarova
Cornell University - Law School
Downloads 575 (63,025)
Citation 1

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fintech, blockchain, DLT, cryptoassets, RegTech, SupTech, financial regulation, fintech charter, regulatory sandbox, CBDC, AI, machine learning, smart regulation, financial innovation, systemic risk, financial stability, technocratic regulation, regulatory reform, Libra

12.

License to Deal: Mandatory Approval of Complex Financial Products

Washington University Law Review, Vol. 90, 2012
Number of pages: 76 Posted: 02 Feb 2012 Last Revised: 13 Mar 2012
Saule T. Omarova
Cornell University - Law School
Downloads 565 (63,550)
Citation 5

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financial services regulation, product approval, financial products, regulatory reform

13.

White Paper: A National Investment Authority

Cornell Legal Studies Research Paper No. 18-10
Number of pages: 29 Posted: 20 Feb 2018 Last Revised: 21 Feb 2018
Robert C. Hockett and Saule T. Omarova
Cornell University - Law School and Cornell University - Law School
Downloads 550 (65,786)

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Asset Price Bubbles, Collective Action Problems, Collective Goods, Development, Finance, Infrastructure, Investment, Public Finance, Public Goods, Reconstruction, Reconstruction Finance Corporation, RFC

14.

Risks, Rules, and Institutions: A Process for Reforming Financial Regulation

University of Memphis Law Review, Vol. 39, 2009, UNC Legal Studies Research Paper No. 1420246
Number of pages: 50 Posted: 16 Jun 2009
Saule T. Omarova and Adam Feibelman
Cornell University - Law School and Tulane University - Law School
Downloads 539 (67,433)
Citation 1

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financial regulation, banking law, regulation, regulatory reform, financial services

15.

The Dodd-Frank Act: A New Deal for a New Age?

North Carolina Banking Institute, Vol. 15, 2011, UNC Legal Studies Research Paper No. 1780360
Number of pages: 16 Posted: 08 Mar 2011
Saule T. Omarova
Cornell University - Law School
Downloads 535 (68,114)

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Dodd-Frank Act, financial regulation, financial institutions, regulatory reform

16.

Private Wealth and Public Goods: A Case for a National Investment Authority

43 J. CORP. L. 437 (2018)., Cornell Legal Studies Research Paper No. 17-22
Number of pages: 56 Posted: 23 Mar 2017 Last Revised: 22 Nov 2018
Robert C. Hockett and Saule T. Omarova
Cornell University - Law School and Cornell University - Law School
Downloads 531 (68,739)
Citation 2

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Administrative Law, Banking, Bonds, Development, Finance, Financial Markets, Financial Regulation, Infrastructure, Infrastructure Banks, Private Equity, Public Finance, Reconstruction Finance Corporation, RFC, Sovereign Wealth Funds

17.

The 'Too Big To Fail' Problem

103 Minnesota Law Review 2495 (2019)., Cornell Legal Studies Research Paper No. 19-06
Number of pages: 48 Posted: 03 Jan 2019 Last Revised: 09 Jun 2019
Saule T. Omarova
Cornell University - Law School
Downloads 508 (72,578)

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too big to fail, bailout, systemic risk, financial crisis, financial regulation, structural reform, financial stability, macroprudential regulation, safety and soundness, capital regulation, resolution, OLA, Dodd-Frank, financial reform, banking and commerce, SIFI, activity regulation

18.

Wall Street as Community of Fate: Toward Financial Industry Self-Regulation

University of Pennsylvania Law Review, Vol. 159, p. 411, 2011, UNC Legal Studies Research Paper No. 1747853
Number of pages: 82 Posted: 26 Jan 2011
Saule T. Omarova
Cornell University - Law School
Downloads 466 (80,613)
Citation 2

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19.

Rethinking the Future of Self-Regulation in the Financial Industry

Brooklyn Journal of International Law, Vol. 35, No. 3, p. 665, 2010, UNC Legal Studies Research Paper No. 1695031
Number of pages: 42 Posted: 21 Oct 2010
Saule T. Omarova
Cornell University - Law School
Downloads 457 (82,596)
Citation 1

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20.

Bankers, Bureaucrats, and Guardians: Toward Tripartism in Financial Services Regulation

Journal of Corporation Law, Vol. 37, No. 3, 2012, UNC Legal Studies Research Paper No. 1924546
Number of pages: 54 Posted: 10 Sep 2011 Last Revised: 12 Apr 2012
Saule T. Omarova
Cornell University - Law School
Downloads 424 (90,103)
Citation 1

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financial regulation, regulatory reform, tripartism, financial crisis, public interest, regulatory capture, systemic risk

21.

Public Actors in Private Markets: Toward a Developmental Finance State

93 Washington University Law Review, 2015
Number of pages: 73 Posted: 04 Mar 2015 Last Revised: 24 Feb 2016
Robert C. Hockett and Saule T. Omarova
Cornell University - Law School and Cornell University - Law School
Downloads 408 (94,212)
Citation 2

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Assets, Banks, Crisis, Development, Development Finance, Employer of Last Resort, Fed, Federal Reserve, Finance, Financial Development, Financial Regulation, Golden Shares, Infrastructure, Infrastructure Banks, Infrastructure Finance, Labor Markets, Money, Open Market Operations, Regulation

22.

Central Banks, Systemic Risk and Financial Sector Structural Reform

Rosa Lastra and Peter Conti-Brown (Eds.), Research Handbook on Central Banking (Forthcoming), Cornell Legal Studies Research Paper No. 18-04
Number of pages: 30 Posted: 15 Jan 2018
Saule T. Omarova
Cornell University - Law School
Downloads 356 (109,974)

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Financial Regulation, Central Banking, Federal Reserve, Financial Sector Structural Reform, Bank Structural Reform, Systemic Risk, Macroprudential Regulation, Structural Separation, Volcker Rule, Glass-Steagall, Ring-Fencing, Lender of Last Resort, Boundary Problem, Regulatory Capacity

23.

'Private' Means to 'Public' Ends: Governments as Market Actors

14 Theor. Inq. in Law (2013), UNC Legal Studies Research Paper No. 2222444, Cornell Legal Studies Research Paper No. 13-84
Number of pages: 24 Posted: 23 Feb 2013 Last Revised: 27 Oct 2016
Robert C. Hockett and Saule T. Omarova
Cornell University - Law School and Cornell University - Law School
Downloads 333 (118,455)
Citation 2

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Central Banks, Finance, Financial Regulation, Government, Government Sponsored Enterprises, GSEs, Markets, Macroprudential Regulation, Monetary Policy, Private Law, Public Law, Public/Private Divide, Regulation, Soveign Wealth Funds

24.

'Special,' Vestigial, or Visionary? What Bank Regulation Tells Us about the Corporation - and Vice Versa

Seattle University Law Review, Vol. 39, 2016, Cornell Legal Studies Research Paper No. 15-35
Number of pages: 49 Posted: 24 Jun 2015 Last Revised: 28 Jan 2016
Robert C. Hockett and Saule T. Omarova
Cornell University - Law School and Cornell University - Law School
Downloads 325 (121,579)
Citation 1

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Banks, Banking History, Bank Regulation, Corporations, Corporate Franchise, Corporate History, Corporate Privilege, Free Banking, General Incorporation Laws, Limited Liability, Ultra Vires Doctrine, Veil-Piercing

25.

Bank Governance and Systemic Stability: The 'Golden Share' Approach

Alabama Law Review, Vol. 68, No. 4, 2017, Cornell Legal Studies Research Paper No. 17-19
Number of pages: 43 Posted: 06 Apr 2017
Saule T. Omarova
Cornell University - Law School
Downloads 300 (132,495)

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banks, bank governance, bank directors, financial stability, systemic risk, financial crisis, SIFI governance, corporate governance, golden share, government stake, board of directors, fiduciary duty, financial institutions, manager of last resort, crisis management

26.

Ethical Finance as a Systemic Challenge: Risk, Culture, and Structure

Cornell Journal of Law and Public Policy, Vol. 27, No. 3, p. 797, 2018, Cornell Legal Studies Research Paper No. 18-37
Number of pages: 45 Posted: 25 Jul 2018 Last Revised: 16 Aug 2018
Saule T. Omarova
Cornell University - Law School
Downloads 271 (147,200)

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bank governance, corporate ethics, ethical finance, corporate governance, risk culture, Wall Street culture, bank culture, financial regulation, bank regulation, systemic risk, financial regulation reform, Dodd-Frank Act, business conduct, firm culture

27.

What Kind of Finance Should There Be?

Cornell Legal Studies Research Paper No. 20-09, 83 L. & CONTEMP. PROB. 195 (2020)
Number of pages: 25 Posted: 27 Feb 2020 Last Revised: 24 Feb 2021
Saule T. Omarova
Cornell University - Law School
Downloads 257 (155,268)

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financialization, financial crisis, economic growth, development, financial stability, financial innovation, capital markets, fintech, infrastructure finance, industrial policy, financial system, structural reform, financial regulation

28.

Financing Continuous Development: The 'American Plan' of State Capitalism

The Oxford Handbook of State Capitalism, Forthcoming, Cornell Legal Studies Research Paper No. 20-31
Number of pages: 24 Posted: 08 Apr 2020 Last Revised: 18 Jun 2020
Robert C. Hockett and Saule T. Omarova
Cornell University - Law School and Cornell University - Law School
Downloads 233 (170,781)

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'American System,' capitalism, development, development finance, development finance state, digital dollar, finance, First Bank of the US, national investment authority, open market operations, state capitalism

29.

From Reaction to Prevention: Product Approval as a Model of Derivatives Regulation

Harvard Business Law Review Online, Forthcoming, UNC Legal Studies Research Paper No. 2224200
Number of pages: 14 Posted: 27 Feb 2013 Last Revised: 18 Mar 2013
Saule T. Omarova
Cornell University - Law School
Downloads 214 (185,097)

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derivatives, financial regulation, regulatory reform, Dodd-Frank, product approval, financial innovation, complexity, speculation, systemic risk

30.

One Step Forward, Two Steps Back? The Institutional Structure of U.S. Financial Services Regulation after the Crisis of 2008

Institutional Structure of Financial Regulation: Theories and International Experiences (Robin Hui Huang & Dirk Schoenmaker, eds., 2015), Cornell Legal Studies Research Paper No. 16-2
Number of pages: 34 Posted: 19 Nov 2015 Last Revised: 18 Dec 2015
Saule T. Omarova
Cornell University - Law School
Downloads 172 (225,021)

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financial regulation, regulatory structure, financial crisis, regulatory reform, FSOC, Federal Reserve, consolidated regulation, systemic risk

31.

The New Crisis for the New Century: Some Observations on the 'Big - Picture' Lessons of the Global Financial Crisis of 2008

North Carolina Banking Institute, Vol. 13, p. 157, 2009
Number of pages: 9 Posted: 05 Aug 2011
Saule T. Omarova
Cornell University - Law School
Downloads 162 (236,684)

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financial crisis, financial regulation, regulatory reform, financial innovation

32.

Systemically Significant Prices

Journal of Financial Regulation, Vol. 2, 2016, Forthcoming
Number of pages: 30 Posted: 19 Mar 2015 Last Revised: 24 Feb 2016
Robert C. Hockett and Saule T. Omarova
Cornell University - Law School and Cornell University - Law School
Downloads 158 (241,782)
Citation 1

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Banks, Benchmarks, Benchmark Indices, Commodities, Consumer Price Index, Derivatives, Dow Jones Industrial Average, Fed, Federal Reserve, Euribor, Finance, Financial Markets, Financial Regulation, Fraud, Indices, Interest Rates, Libor, Market Manipulation, Open Market Operations, Salaries, Wages

33.

The 'Franchise' View of the Corporation: Purpose, Personality, Public Policy

Elizabeth Pollman & Robert B. Thompson (eds.), “Research Handbook on Corporate Purpose and Personhood” (2021) (forthcoming) , Cornell Legal Studies Research Paper No. 21-18
Number of pages: 26 Posted: 19 Jul 2021
Saule T. Omarova
Cornell University - Law School
Downloads 141 (265,224)

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corporate governance, corporation, corporate law, corporate purpose, corporate personhood, ESG, stakeholder corporation, shareholder primacy, benefit corporation, corporate social responsibility, purposeful corporation, franchise view, public-private franchise, limited liability, corporate privilege

34.

Beyond Finance: Permissible Commercial Activities of U.S. Financial Holding Companies

An Unfinished Mission: Making Wall Street Work for Us, A Report by Americans for Financial Reform & the Roosevelt Institute (2013), pp. 110-125
Number of pages: 16 Posted: 17 Nov 2013
Saule T. Omarova
Cornell University - Law School
Downloads 129 (283,850)

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banking, finance, financial holding company, Gramm-Leach-Bliley Act, Bank Holding Company Act, Dodd-Frank Act, merchant banking, commodities, financial regulation, regulatory reform

35.

Testimony before the U.S. Senate Banking Committee: ‘Fostering Economic Growth: Midsized, Regional and Large Institution Perspective’

Cornell Legal Studies Research Paper No. 17-31
Number of pages: 17 Posted: 21 Jun 2017
Saule T. Omarova
Cornell University - Law School
Downloads 97 (346,181)

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Dodd-Frank, Banks, Financial Institutions, Financial Regulation, Bank Regulation, Bank Supervision, Deregulation, FSOC, SIFI, Economic Growth, Systemic Risk, Financial Stability, Financial Crisis, Stress Tests, Federal Reserve, Living Wills, Bank Capital, Financialization, Small Business Lending