26 Pages Posted: 6 Mar 2012 Last revised: 28 Dec 2014
Date Written: May 16, 2012
This essay, which is based in part on the keynote speech I delivered in October at the European Central Bank conference on regulation of financial services, examines how the law can help to control financial chaos. The essay argues that any regulatory framework for achieving that goal will be imperfect and have tradeoffs.
Suggested Citation: Suggested Citation
Schwarcz, Steven L., Controlling Financial Chaos: The Power and Limits of Law (May 16, 2012). Wisconsin Law Review, No. 3, 2012. Available at SSRN: https://ssrn.com/abstract=2016434
By Dan Awrey