OTC DERIVATIVES REGULATION
This course examines the regulation of over-the-counter (OTC) derivatives markets, focusing on the key principles, regulatory frameworks, and policy debates that shape this complex and evolving field. Students will gain a deep understanding of OTC derivatives, the risks they pose, and the various ways in which regulators seek to manage those risks. The course will critically analyze regulatory approaches and their impact on market stability, transparency, and systemic risk reduction. By examining international regulatory harmonization efforts, as well as jurisdiction-specific rules, students will develop a nuanced understanding of the diverse legal landscape governing OTC derivatives.
Course Objectives:
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Understand the structure, functioning, and key players in OTC derivatives markets.
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Evaluate the risks posed by OTC derivatives and their implications for financial stability.
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Analyze the key regulatory frameworks and tools used to manage risks in OTC derivatives markets.
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Assess the effectiveness of different regulatory approaches in promoting market stability and reducing systemic risk.
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Examine the challenges and opportunities associated with international regulatory harmonization efforts.
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Develop a comprehensive understanding of jurisdiction-specific rules and their impact on OTC derivatives regulation.