Capital Markets, Derivatives and the Law

by Rechtschaffen, Alan; Phillips, Susan M.

• ISBN13: 9780195339086
• ISBN10: 0195339088
• Format: Hardcover
• Copyright: 2009-09-10
• Publisher: Oxford University Press

Summary

President Obama recently called for a new financial regulation system in the United States. In order to understand the intricacies of new regulation, individuals must have a strong foundation in how capital markets function as well as how financial instruments and derivatives work. Capital Markets, Derivatives, and the Law provides readers with the foundation necessary to make informed, well-reasoned decisions about capital market participation, derivative utilization, and adherence to existing and future regulations. This publication is an essential guide for attorneys and business professionals looking for an accessible resource to better understand the legal and business considerations of capital markets and derivatives transactions. This book offers expert insight into how derivatives work. The author also explores the structures of derivatives as well as how they are regulated and litigated. In the complex world of the current capital market upheaval, this book provides useful definitions, case law examples, and insight into structures, regulation, and litigation strategies. Capital Markets, Derivatives, and the Law describes and explores a variety of litigation issues that arise out of capital market participation. These issues can involve violations of federal securities laws, failure to follow the rules set down by self-regulated organizations, common-law theories such as fraud and negligence, and violations of state securities laws. In synthesizing materials such as the speeches of the Chairman of the Board of Governors of the Federal Reserve System, leading judicial rulings, descriptions of financial instruments, and government sources, the book is designed to immerse the reader in the world of capital markets. This publication is based on the lectures of the author, a leading expert in the areas of capital markets and derivatives law, incorporating the outstanding research of individuals with expertise in the areas of derivatives, risk management, and financial instruments. Investment banks, law firms and government agencies understand the emerging necessity of determining how best to control and protect themselves, their clients, and the system of capital markets. By providing strategic advice, checklists, diagrams, and case studies, while avoiding unduly complex financial techno-babble, Capital Markets, Derivatives and the Law is a unique resource for the practicing attorney and any professional involved in the financial, legal and regulatory sectors.

Author Biography

Alan N. Rechtschaffen is a senior member of the Rechtschaffen Group at a top tier global financial institution. He has over 20 years experience participating in the capital markets and advising governments, corporations and individuals. He is an adjunct Professor of Law at New York University and Fordham University. He has held several public offices, served as a regulator, and counsels the highest-level government officials.
Mr. Rechtschaffen leads central bankers and international regulators in policy discussions at the NYU Global Economic Policy Forum which he created and co-chairs. As an adjunct Professor at New York University School of Law, he teaches the course he created-Financial Instruments and the Capital Markets. At Fordham University School of Law, he created and taught courses on Capital Markets, Financial Instruments, Derivatives, Risk Management, and Corporate Governance.

Table of Contents

Introduction

The Financial Crisis

Financial Instruments in the Capital Markets

Using Financial Instruments

Securities Regulation

Derivatives Regulation

Understanding Interest Rates and the Economy

Asset Valuation

United States Treasury Securities

Debt Securities

Derivatives

Types of Swaps

Fiduciary Obligation to Manage Risk

Litigation Issues

Suitability

Options

Structures

Index

Table of Contents provided by Publisher. All Rights Reserved.