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Publication Name: Lawbitrage

Brief description: Lawbitrage is the blog of Houman B. Shadab, a professor of law at New York Law School and the Editor-in-Chief of the Journal of Taxation and Regulation of Financial Institutions

Publication URL: http://lawbitrage.typepad.com/

RSS Feed: link

Twitter Page:

Owner Name: Houman B. Shadab

Joined: March 20th, 2012

Activity

Lawbitrage wrote a new blog post titled In Contrast to CFTC, SEC Cross-Border Derivatives Proposal Takes an Outcome-Based Approach

Today, the Securities and Exchange Commission (SEC) announced that it will be proposing new rules relating to how U.S. regulation under Title VII of the Dodd-Frank Act will apply to cross-border derivatives transactions. In so doing, a significant difference seems to have emerged between how the SEC and the the Commodity Futures Trading Commission (CFTC) will go about regulating cross-border derivatives. A major component of the SEC's and CFTC's rules is to allow certain foreign firms that trade swaps in the U.S. to be exempt from the agencies' respective regulations. The...
(20 days ago)

Lawbitrage wrote a new blog post titled Subprime Securitization Returns--Without the Subprime

It was only a matter of time until credit markets sufficiently stabilized and investor appetite for risk grew that we would see the return of the types of securitization deals that were central to the subprime financial crisis of 2008. One of these deal types is private-label mortgage securization, which involves creating securities backed by pools of mortgages that are not insured by the federal government. The other deal type is synthetic securitization, which involves creating securities by grouping together the cash flows obtained by protection sellers in credit default swap...
(62 days ago)

Lawbitrage wrote a new blog post titled 15 Things You Should Know About Hedge Fund Governance

I recently uploaded my new working paper on hedge fund governance. The paper provides the first comprehensive scholarly analysis of the internal governance of hedge funds. It will be published by the Stanford Journal of Law, Business & Finance in the fall. Click the link above to download the paper or read the full abstract. Unlike corporations, hedge funds are structured as limited partnerships and don't have the governance mechanisms typically associated with corporations, such as an independent board or the ability to obtain permanent capital from equity investors. Below are 15...
(64 days ago)

About:

Houman B. Shadab is an internationally recognized expert in financial law and regulation whose research focuses on hedge funds, derivatives, and securitization. Professor Shadab is an Associate Director of the Center on Financial Services Law and teaches Contracts, Corporations, and a seminar on financial regulatory policy. He also serves as the Editor-in-Chief of the Journal of Taxation and Regulation of Financial Institutions and blogs at Lawbitrage.

Professor Shadab has testified before Congress on the compensation of public company executives, reverse mortgage securitization, and on the role of hedge funds in the financial crisis at a hearing that included George Soros, John Paulson, and other leading figures from the hedge fund industry. Professor Shadab is often invited to speak at academic meetings and those for high level market practitioners and policymakers. In May of 2010, he delivered a keynote presentation on financial complexity at a forum for investors in Switzerland and joined a group of speakers that included former British Prime Minister Tony Blair and leading economists from major financial institutions. In 2011, he spoke about the Dodd-Frank Act and regulatory arbitrage at the 17th annual Risk USA conference in New York City. In September 2012, professor Shadab will be joining speakers from the Federal Reserve Bank of New York, the European Commission, and major financial institutions at a conference on derivatives clearing and settlement.

Professor Shadab is the author of numerous academic articles published in journals such as the New York University Journal of Legislation and Public Policy and the Berkeley Business Law Journal. He is frequently asked to contribute to authoritative works including book chapters on hedge fund lending, credit default swaps, and short selling for books published by Oxford University Press, Elsevier, and Wiley Finance. Governmental authorities worldwide have cited Professor Shadab's research, including the Delaware Court of Chancery, the U.S. Congressional Oversight Panel, the U.K. House of Lords, the European Parliament, the Reserve Bank of India, and the Central Bank of Ireland's Director of Markets Supervision.

Professor Shadab has been quoted in numerous media publications including the New York Times, the Financial Times, and the Washington Post, and has appeared on Bloomberg Television. He serves on the Advisory Board of the NY Business Law Journal and is an affiliated Scholar with George Washington University's Regulatory Studies Center. Professor Shadab is also a member of the New York and California bars and previously practiced law with Ropes & Gray in New York City and Latham & Watkins in Los Angeles.