2014•Minnesota law reviewOpen access

Substituted Compliance and Systemic Risk: How to Make a Global Market in Derivatives Regulation

Sean J. Griffith

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Abstract

The conventional wisdom is that the global financial crisis of 2007-2008 revealed faults in the ability of international financial regulation to contain the problem of systemic risk. Further conventional wisdom suggests that the failure to regulate comple

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The conventional wisdom is that the global financial crisis of 2007-2008 revealed faults in the ability of international financial regulation to contain the problem of systemic risk. Further conventional wisdom suggests that the failure to regulate comple

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OpenAlex reports 44 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

The conventional wisdom is that the global financial crisis of 2007-2008 revealed faults in the ability of international financial regulation to contain the problem of systemic risk. Further conventional wisdom suggests that the failure to regulate comple

Key concepts: Systemic risk, Compliance (psychology), Business, Economics, Psychology, Financial crisis, Macroeconomics, Social psychology

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