This paper reviews post-crisis financial regulatory reforms, examines how they fit together
and identifies open issues. Specifically, it takes stock of the salient new features of bank and …

Central clearing counterparties (CCPs) have a variety of economic rationales. The Great
Recession of 2007–2009 led regulators to mandate CCPs for most interest-rate and credit …

In this article, we survey the literature that studies fixed-income trading rules and outcomes,
including Treasury securities, corporate and municipal bonds, and structured credit …

For the first time, new regulatory data allow precise measurement of price discrimination
against nonfinancial clients in the foreign exchange derivatives market. Consistent with the …

Despite regulatory efforts to promote all‐to‐all trading, the post–Dodd‐Frank index credit
default swap market remains two‐tiered. Transaction costs are higher for dealer‐to‐client …

We argue that post-crisis banking regulations pass through from regulated institutions to
unregulated arbitrageurs. We document that, once post-crisis regulations bind post 2014 …

In traditional over-the-counter markets, investors trade bilaterally through intermediaries. We
assess whether and how to shift trades on a centralized platform with trade-level data on the …

Abstract The Dodd-Frank Act mandates that certain standard over-the-counter (OTC)
derivatives must be traded on swap execution facilities (SEFs). Using message-level data …

Patients with chronic non-specific low back pain (LBP) walk with more synchronous (in-
phase) horizontal pelvis and thorax rotations than controls. Low thorax–pelvis relative phase …

Using unique data at transaction and identity levels, we provide the first systematic study of
interest rate swaps traded over the counter (OTC). We find substantial and persistent …