VIRGINIA LAW & BUSINESS REVIEW Page 1 VIRGINIA LAW & BUSINESS REVIEW
VOLUME 10 FALL 2015 NUMBER I FAILURE OF THE CLEARINGHOUSE: DODDFRANK'S …

Like many humans, corporate entities rely heavily on debt to finance their activities. And as
with many humans, debt influences what companies are able to do. That corporate lenders …

Is hedging with credit derivatives always beneficial? The benefit of hedging with credit
derivatives, such as credit default swaps, is presumed by the Dodd-Frank Act, which …

Lenders have long been a crucial part of the checks and balances essential to good
corporate governance, but in recent years many have begun to abandon their role. This …

According to conventional wisdom, lenders have left corporate America in crisis.'Scholars
are increasingly recognizing the powerful 1. In the literature, the seminal work here has …

Clearinghouses are central to our financial system after Dodd–Frank. And they will remain
central even if Dodd–Frank is repealed. But clearinghouses themselves are apt to be quite …

Purpose A credit rating, as a single indicator on one consistent scale, is designed as an
objective and comparable measure within a credit rating agency (CRA). While research …

Investments are often followed by regret. As a result, over time investors have developed
contract mechanisms that make it possible for investment terms to change in their favor in …

Rating agencies strive to assign reliable, objective and comparable credit ratings as an
indicator on one consistent scale. We test empirically how rating agencies meet their …

This study investigates the legal and regulatory aspects of credit default swaps (CDSs), a
controversial financial transaction that functions as a type of credit risk insurance or credit …