Horizons of Risk: Climate Stress and the Federal Reserve

David A. Wishnick

Associate Professor of Law, Georgetown University Law Center.

Thanks to Nakita Cuttino, Anna Gelpern, David Hyman, Don Langevoort, Adam Levitin, Morgan Ricks, Hillary Sale, Bob Thompson, Jon Zytnick, and workshop participants at Georgetown, Rutgers, Vanderbilt, and the AALS Financial Regulation Midyear Meeting for helpful comments and engaging discussions. For their skilled research assistance, I thank Maddie Bowen, Matteo Crow, and Amelia Lucas.

Featured Articles From Our Most Recent Print Issue

Article

Volume 4.1

A Commitment Rule for Insolvency Forum

Anthony J. Casey

Donald M. Ephraim Professor of Law and Economics and Faculty Director of the Center on Law and Finance at The University of Chicago Law School. Email: ajcasey@uchicago.edu.

This research is funded by the Becker Friedman Institute at the University of Chicago. The Richard Weil Faculty Research Fund and the Paul H. Leffmann Fund also provided generous support. I thank Carrie Boone, Taerin Kim, and Emma Xu for their excellent research assistance. A preliminary version of this article was presented at Singapore Management University during my stay as SGRI Visiting Professor in September 2023.

Aurelio Gurrea-Martínez

Associate Professor of Law and Head of the Singapore Global Restructuring Initiative at Singapore Management University. Email: aureliogm@smu.edu.sg.

For excellent research assistance, I would like to thank Linus Koh.

Robert K. Rasmussen

Professor of Law and J. Thomas McCarthy Trustee Chair in Law and Political Science at USC Gould School of Law. Email: rrasmussen@law.usc.edu.

I. Introduction

Article

Volume 4.1

Event Contracts Are a Step Too Far for Derivatives Regulation

Ilya Beylin

Associate Professor, Seton Hall Law School, B.A.S. Stanford University, J.D. University of Chicago Law School.

Devin Droll and Najma Hassan provided valuable research assistance. I am grateful for feedback from Tom W. Bell, Onnig H. Dombalagian, Gary E. Kalbaugh, Stephen Lubben, Gideon Mark, Fabio Mattos, Todd Phillips, Andrew Verstein, Adam Wells and participants at the Seton Hall Law School summer scholarship seminar, inaugural Metropolitan Junior Scholars workshop and the AALS Financial Institutions Regulation mid-year meeting at The Wharton School. All errors are my own.

I. Introduction

In the U.S., derivatives trading began when the Chicago Board of Trade (CBOT) developed a market in grain futures contracts soon after the Civil War.1

Article

Volume 4.1

Captured Innovation: Technology Monopoly Response to Transformational Development

Reed Showalter

Reed Showalter is an Attorney Advisor at the Department of Justice Antitrust Division. He was a Senior Policy Advisor at the White House National Economic Council until January 20, 2025. The views expressed do not necessarily reflect those of the United States Department of Justice or the White House.

Laura Edelson

Laura Edelson is an Assistant Professor at Northeastern University.

I. Introduction

Comment

Volume 4.1

The “Co-Conspirator Exception” to Illinois Brick: Mandatory Joinder of Direct Purchaser Co-Conspirators

Nikki Chavez Brown

B.S. 2021, University of Alabama; M.B.A. 2022, University of Alabama; J.D. Candidate 2025, University of Chicago Law School.

Many thanks to the University of Chicago Business Law Review staff for their edits and feedback. I especially thank Professor Eric Posner for his suggestions and guidance.

I. Introduction

Comment

Volume 4.1

Resolving American Semiconductor Challenges through Making the ITC a Preferred Forum

Emma Donnelly

B.A. 2022, Rice University; J.D. Candidate 2025, University of Chicago Law School.

Many thanks to the University of Chicago Business Law Review staff for their helpful edits and feedback. I would like to also thank Professor Randal C. Picker and Professor Jonathan S. Masur for their topic guidance. Lastly, thank you especially to my family; your support has been essential at each turn of my law school career.