Saule T. Omarova

Cornell University - Law School

Professor

Myron Taylor Hall

Cornell University

Ithaca, NY 14853-4901

United States

SCHOLARLY PAPERS

38

DOWNLOADS
Rank 1,136

SSRN RANKINGS

Top 1,136

in Total Papers Downloads

42,412

SSRN CITATIONS
Rank 14,334

SSRN RANKINGS

Top 14,334

in Total Papers Citations

69

CROSSREF CITATIONS

36

Scholarly Papers (38)

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 11,059 (900)

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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 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 3,619 (6,030)
Citation 12

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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

3.

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: 07 Jun 2024
Saule T. Omarova
Cornell University - Law School
Downloads 3,383 (6,749)
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

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
CEPR, Singapore Management University - Centre for AI & Data Governance, Australian National University (ANU), Centre for Commercial Law Studies, Queen Mary University of London, Clifford Chance and Cornell University - Law School
Downloads 3,255 (7,019)
Citation 10

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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?

CEPR Discussion Paper No. DP15521
Number of pages: 46 Posted: 23 Dec 2020
CEPR, Humboldt University of Berlin, Australian National University (ANU), Centre for Commercial Law Studies, Queen Mary University of London, Clifford Chance and Cornell University - Law School
Downloads 2 (1,181,804)
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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 2,662 (9,829)
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 1,575 (22,452)
Citation 3

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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.

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: 09 Jun 2024
Saule T. Omarova
Cornell University - Law School
Downloads 1,532 (23,417)

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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.

8.

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 1,425 (26,083)
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

9.

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 883 (51,719)
Citation 4

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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

10.

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 827 (56,463)
Citation 3

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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

11.

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 770 (62,210)
Citation 1

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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

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 703 (70,012)
Citation 6

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

13.

Banking and Antitrust

133 Yale L. J. 1162 (2024) , Cornell Legal Studies Research Paper No. 24-03
Number of pages: 93 Posted: 22 Jan 2024 Last Revised: 07 Mar 2024
Saule T. Omarova and Graham Steele
Cornell University - Law School and U.S. Department of the Treasury
Downloads 673 (74,085)
Citation 1

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Bank regulation, antitrust, antimonopoly, political economy, market power, public subsidy, safety and soundness, prudential regulation, bank merger, too big to fail, Brandeisian, digital assets, structural regulation, Bank Holding Company Act, money trust, financial conglomerates

14.

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 670 (74,499)

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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

15.

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 653 (76,994)
Citation 1

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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 649 (77,585)
Citation 6

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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.

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 577 (89,880)
Citation 1

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

18.

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 571 (91,048)

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

19.

Financial Innovation: Three Fallacies in the Debate

Forthcoming in SAULE T. OMAROVA, ALEXANDRA ANDHOV, AND CLAIRE A. HILL, (EDS.), HIDDEN FALLACIES IN CORPORATE LAW AND FINANCIAL REGULATION: REFRAMING THE MAINSTREAM NARRATIVES, Cornell Legal Studies Research Paper No. 23-27
Number of pages: 32 Posted: 16 Dec 2023 Last Revised: 30 May 2024
Saule T. Omarova
Cornell University - Law School
Downloads 558 (93,742)

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financial innovation, fintech, crypto, financial regulation, secondary market, primary market, market efficiency, stablecoin, CBDC, structural reform, derivatives, MBS

20.

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 521 (102,129)
Citation 2

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21.

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 512 (104,285)
Citation 1

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

22.

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 510 (104,791)
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

23.

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 505 (106,081)
Citation 2

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24.

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 438 (125,631)

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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

25.

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 412 (134,799)

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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

26.

'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 406 (137,085)
Citation 2

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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

27.

'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 400 (139,479)
Citation 3

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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

28.

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

The Oxford Handbook of State Capitalism, 2022, Cornell Legal Studies Research Paper No. 20-31
Number of pages: 24 Posted: 08 Apr 2020 Last Revised: 30 Mar 2023
Robert C. Hockett and Saule T. Omarova
Cornell University - Law School and Cornell University - Law School
Downloads 390 (143,515)

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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.

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 370 (152,183)

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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

30.

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 326 (174,550)

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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

31.

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 302 (189,204)

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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

32.

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 255 (224,758)

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

33.

Systemically Significant Prices

Journal of Financial Regulation, Vol. 2, 2016
Number of pages: 30 Posted: 19 Mar 2015 Last Revised: 30 Mar 2023
Robert C. Hockett and Saule T. Omarova
Cornell University - Law School and Cornell University - Law School
Downloads 232 (246,407)
Citation 2

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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

34.

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 214 (265,929)
Citation 1

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

35.

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 203 (279,174)

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financial crisis, financial regulation, regulatory reform, financial innovation

36.

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 153 (357,596)

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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

37.

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 140 (383,858)

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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

38.

The National Investment Authority: An Institutional Blueprint

Berggruen Institute 2022, Cornell Legal Studies Research Paper No. 24-01
Number of pages: 113 Posted: 05 Jan 2024
Saule T. Omarova
Cornell University - Law School
Downloads 77 (579,468)

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National Investment Authority, industrial policy, economic policy, infrastructure finance, infrastructure bank, public infrastructure, public investment, Federal agency, Federal Reserve, sustainability, sustainable development, climate change, democratizing finance, sovereign wealth fund