Derivatives Regulation in the Context of the Shingle Theory

Authors

Allen Madison, University of South Dakota School of LawFollow

Document Type

Article

Publication Date

1999

Keywords

Derivatives, Shingle Theory, Regulation, Self-Regulation, Securities

Disciplines

Law | Securities Law

Abstract

This article discusses the regulation of derivative financial instruments. It notes that the government has neither come to a conclusion as to the necessity of regulation nor which agency would have jurisdiction. It also suggests that one tool that regulators could use as an enforcement tool is the "shingle" theory. Next, it provides history and analysis of this theory. Finally, it examines the current state of affairs regarding regulation of derivatives.

Publication Title

Columbia Business Law Review

Recommended Citation

Allen Madison. Derivatives Regulation in the Context of the Shingle Theory, 1999 Colum. Bus. L. Rev. 271 (1999).