NSFM Participant Prof. Frank Partnoy’s editorial in the May 14, 2009 New York Times evaluates the U.S. proposal to regulate only part of the derivatives market, notwithstanding the role of derivatives in this and many prior financial crises. For further NSFM participant views on how derivatives, in particular credit default swaps, should be regulated, please see Prof. Janis Sarra’s Consultation Paper on the topic, using the link to Consultation Papers to the right.
http://www.nytimes.com/2009/05/15/opinion/15partnoy.html?_r=2&emc=eta1
