Law
Johan Horst
Transnationale Rechtserzeugung
Elemente einer normativen Theorie der Lex Financiaria
[Transnational Creation of Law. Elements of a Normative Theory of Lex Financiaria.]
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Published in German.
The legal infrastructure of markets for over-the-counter derivatives is dominated by one private institution, the International Swaps and Derivatives Association (ISDA). Considering the high impact that the ISDA's rule-making has, it is necessary to develop transnational legal obligations to make it responsive to societal demands.