Derivatives Regulation in the Context of the Shingle Theory
58 Pages Posted: 13 Feb 2010
Date Written: 1998
This article discusses the regulation of derivative financial instruments. It notes that the government has neither come to a conclusion as to the necessity of regulation nor which agency would have jurisdiction. It also suggests that one tool that regulators could use as an enforcement tool is the "shingle" theory. Next, it provides history and analysis of this theory. Finally, it examines the current state of affairs regarding regulation of derivatives.
Keywords: Derivatives, Shingle Theory, Regulation, Self-Regulation, Securities
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