Although shadow banking is said to be huge, estimated at over $60 trillion, it not well defined. This short and accessible paper attempts define by identifying its overall scope basic characteristics. Based on the definition derived, also conceptually examines how can regulated try maximize efficiencies while minimizing risks.

Although federal bankruptcy law, epitomized by Chapter 11, has a pro-debtor-or at least, anti-liquidation-bias, no scholarship analyzes whether that bias creates net value or merely results in zero-sum game redistributes from creditors to debtors. This Article shows the is due more accidents of history and self-interested lobbying than any reasoned analysis creation. The also inconsistent with many foreign insolvency laws. law should have such pro-debtor bias. An empirical question not...

As exemplified by the dramatic failure of AIG, insurance companies and their affiliates played a central role in 2008 global financial crisis. It is therefore not surprising that Dodd-Frank Act — United States' primary legislative response to crisis contained an entire title dedicated regulation, which has traditionally been responsibility individual states. The most important insurance-focused reforms empower Federal Reserve Bank impose additional layer regulatory scrutiny on top state...

This Article rethinks how derivatives should be regulated. Adapted from Regulating Derivatives: A Fundamental Rethinking, 70 DUKE LAW JOURNAL 545 (2020) for publication in the SCIENCES PO REVIEW’s January 2023 biennial issue (a symposium on “Financial Regulation after 2008 Crisis”), argues that conventional wisdom are complex, exotic, and uniquely risky financial instruments has given rise to a flawed post-crisis regulatory patchwork. The challenges wisdom, showing can deconstructed, by...

Although merely private entities, rating agencies have a profound economic impact on global finance. At the same time, these entities engaged in potential abuses, such as threatening to assign unrequested ratings order force companies use their services. Nonetheless, are largely unregulated United States and abroad. I examine whether should be regulated and, if so, it is feasible for individual nations regulate multinational of this type.

Existing approaches for spatio-temporal action detection in videos are limited by the spatial extent and temporal duration of actions. In this paper, we present a modular system untrimmed surveillance videos. We propose two stage approach. The first generates dense proposals using hierarchical clustering jittering techniques on frame-wise object detections. second is Temporal Refinement I3D (TRI-3D) network that performs classification refinement generated proposals. detection-based proposal...

For years, scholars have questioned the efficiency of secured debt, many suggesting that it transfers uncompensated risk to unsecured creditors.However, prior writing on value debt ignores distinction between use and availability credit.As a result, previous models erroneously assume debtor can borrow an basis will nevertheless reduce interest cost.This Article combines theory, experience, empirical tests show earlier do not reflect expected behavior economically rational debtor.These fail...

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Recent innovations in financial technology, or "FinTech," are enabling the fractionalization of investment securities, such as shares stock and bonds. We explain how this can fundamentally expand inclusion both for investors businesses, including small medium-sized enterprises (SMEs). Using securities a model, we also counter argument that FinTech-enabled transactions should not need regulation because they governed by mathematical algorithms under so-called smart contracts. Additionally,...

Manipulated videos, especially those where the identity of an individual has been modified using deep neural networks, are becoming increasingly relevant threat in modern day. In this paper, we seek to develop a generalizable, explainable solution detecting these manipulated videos. To achieve this, design series forgery detection systems that each focus on one part face. These parts-based systems, which can be combined and used together single architecture, meet all our desired criteria -...

This essay examines, what, if anything, differentiates Enron's questionable use of off-balance-sheet special purpose entries, or SPEs, from the trillions dollars supposedly "legitimate" securitization and other structured finance transactions that SPEs. The inquiry is important because absence meaningful differences would call all these into question, whereas presence may inform regulatory schemes by providing a basis to distinguish which should be allowed. Essay also introduces dilemma some...