Volume 3

Derivatives Regulation, Featured, Home, U.S. Business Law, Volume 3

Toward an Economic Model for the Taxation of Derivatives and Other Financial Instruments

David S. Miller: On January 24, the Chairman of the House Ways and Means Committee, released the discussion draft of a bill that would tax derivatives under a mark-to-market system of taxation. This proposal would replace our entire federal system of taxing derivatives with a radically different but infinitely simpler model that would finally correspond to economic reality.

Derivatives Regulation, Featured, Home, U.S. Business Law, Volume 3

From Reaction to Prevention: Product Approval as a Model of Derivatives Regulation

Saule T. Omarova: This article outlines the contours of a regulatory scheme based on mandatory pre-market government licensing of complex financial instruments, including derivatives. This model of product approval regulation explicitly aims to control the amount and types of risk being introduced into the financial system.

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