Henry T. C. Hu

  • Allan Shivers Chair in the Law of Banking and Finance



  • Financial Innovation and Governance Mechanisms: The Evolution of Decoupling and Transparency [Symposium: Massey Prize for Research in Law, Innovation, and Capital Markets], 70 Business Lawyer 347 (2015).
  • Disclosure Universes and Modes of Information: Banks, Innovation, and Divergent Regulatory Quests, 31 Yale Journal on Regulation 565 (2014). Available at <http://ssrn.com/abstract=2442092 > [discussed in Gretchen Morgenson, The Week that Shook the Fed, New York Times, November 23, 2014, Business Section, at 1, web version available at <http://www.nytimes.com/2014/11/23/business/the-week-that-shook-the-fed.html?_r=0>].
  • Too Complex to Depict? Innovation, “Pure Information,” and the SEC Disclosure Paradigm [Symposium: Reshaping Capital Markets and Institutions: Twenty Years On], 90 Texas Law Review 1601 (2012). Available at <http://ssrn.com/abstract=2083708 > [discussed in Gillian Tett, The banks that are too complex to exist, Financial Times, June 8, 2012, at 20, web version available at <http://www.ft.com/cms/s/0/65281562-b0c1-11e1-a2a6-00144feabdc0.html>].
  • Efficient Markets and the Law: A Predictable Past and an Uncertain Future, 4 Annual Review of Financial Economics 179 (2012).
  • Foreword [Symposium: Reshaping Capital Markets and Institutions: Twenty Years On], 90 Texas Law Review 1597 (2012).
  • Paying for Old Age, New York Times, February 26, 2011, at A19 (with Terrance Odean). View Article
  • Keynote Address: The SEC, Dodd-Frank, and Modern Capital Markets [Symposium: Regulatory Reform and the Future of the U.S. Financial System: An Examination of the Dodd-Frank Regulation], 7 New York University Journal of Law & Business 427 (2011).
  • Testimony Concerning the Over-the-Counter Derivatives Markets Act of 2009, U.S. House Committee on Financial Services (October 2009) (on behalf of the SEC). View Article
  • 'Empty Creditors' and the Crisis: How Goldman's $7 Billion was 'Not Material,' Wall Street Journal, April 9, 2009. <http://online.wsj.com/article/SB123933166470307811.html>
  • Debt, Equity, and Hybrid Decoupling: Governance and Systemic Risk Implications, 14 European Financial Management 663 (2008) (with Bernard S. Black). <http://www.efmaefm.org/eufm_450_corrected.pdf>
  • Derivatives are (Not Just) a Tale of Two Cities, Financial Times, May 1, 2008, at 15 (with Darrell Duffie).
  • Equity and Debt Decoupling and Empty Voting II: Importance and Extensions, 156 University of Pennsylvania Law Review 625 (2008) (with Bernard Black). <http://ssrn.com/abstract=1030721>
  • Die Offenlegung anpassen, Finanz und Wirtschaft, Sept. 19, 2007, at 1.
  • Statt verbieten Offenlegungsregeln anpassen, Finanz und Wirtschaft, Feb. 14, 2007, at 30.
  • Empty Voting and Hidden (Morphable) Ownership, M&A Lawyer, February 2007, at 6 (with Bernard Black).
  • Abolition of the Corporate Duty to Creditors, 107 Columbia Law Review 1321 (2007) (with Jay Lawrence Westbrook). <http://ssrn.com/abstract=977582>
  • Hedge Funds, Insiders, and the Decoupling of Economic and Voting Ownership: Empty Voting and Hidden (Morphable) Ownership, 13 Journal of Corporate Finance 343 (2007) (with Bernard Black).
  • Eigentum und Stimmrecht werden entkoppelt, Finanz und Wirtschaft, Dec. 20, 2006, at 28.
  • Enron Happens, New York Times, Jan. 30, 2006, at A23.
  • The New Vote Buying: Empty Voting and Hidden (Morphable) Ownership, 79 Southern California Law Review 811 (2006) (with Bernard Black). <http://ssrn.com/abstract=904004>
  • Empty Voting and Hidden (Morphable) Ownership: Taxonomy, Implications, and Reforms, 61 Business Lawyer 1011 (2006) (with Bernard Black).
  • The New Portfolio Society, SEC Mutual Fund Disclosure, and the Public Corporation Model, 60 Business Lawyer 1303 (2005).
  • Glaube oder Zauber?, Finanz und Wirtschaft, Jan. 20, 2001, at 1.
  • Die Börse der Börse überlassen?, Finanz und Wirtschaft, Dec. 2, 2000, at 1.
  • Faith and Magic: Investor Beliefs and Government Neutrality, 78 Texas Law Review 777 (2000).
  • Conversations From the Warren Buffet Symposium, 19 Cardozo Law Review 719 (1997) (with Robert W. Hamilton, Calvin H. Johnson et al.).
  • Buffett, Corporate Objectives, and the Nature of Sheep, 19 Cardozo Law Review 379 (1997).
  • Illiteracy and Intervention: Wholesale Derivatives, Retail Mutual Funds and the Matter of Asset Class, 84 Georgetown Law Journal 2319 (1996).
  • Behind the Corporate Hedge: Information and the Limits of "Shareholder Wealth Maximization," Journal of Applied Corporate Finance, Fall 1996, at 39.
  • Seller's Remorse and OTC Derivatives, International Financial Law Review, Apr. 1995, at 43.
  • Hedging Expectations: "Derivative Reality" and the Law and Finance of the Corporate Objective, 73 Texas Law Review 985 (1995).
  • Help Regulators Help Us, Risk, Apr. 1993, at 60.
  • Misunderstood Derivatives: The Causes of Informational Failure and the Promise of Regulatory Incrementalism, 102 Yale Law Journal 1457 (1993).
  • "Swaps" and the Next Great Banking Crisis, New York Times, Feb. 23, 1992, Sec. 3, at 9.
  • New Financial Products, the Modern Process of Financial Innovation, and the Puzzle of Shareholder Welfare, 69 Texas Law Review 1273 (1991).
  • Time, Risk, and Fiduciary Principles in Corporate Investment, 38 UCLA Law Review 277 (1990).
  • Swaps, the Modern Process of Financial Innovation and the Vulnerability of a Regulatory Paradigm, 138 University of Pennsylvania Law Review 333 (1989).
  • Compensation in Expropriations: A Preliminary Economic Analysis, 20 Virginia Journal of International Law 61 (1979).


  • The Valuation of Nationalized Property in International Law, Vol. 4, by Richard B. Lillich, 84 American Journal of International Law 350 (1990).


  • Systemic Risk and Financial Innovation: Towards a “Unified” Approach, in Quantifying Systemic Risk at 11 (Joseph G. Haubrich & Andrew W. Lo eds., 2013).
  • Means and Ends: NYSE Regulation, NYSE Group, and the Matter of Togetherness, written testimony for "A Review of Self-Regulatory Organizations in the Securities Markets: Hearings Before the Senate Committee on Banking, Housing, and Urban Affairs," 109th Cong., 2nd Sess. (2006).
  • First, Do No Harm: Investors, Government, and the Stock Market, in Europa und Die Globalisierung: Referate des Zweiten Wiener Globalisierungs-Symposiums 10. und 11. Mai 2001 (Carl Baudenbacher & Erhard Busek eds.; Vienna: Verlag Österreich, 2002).

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