# Frank Partnoy > Mediated Wiki article. Canonical URL: https://mediated.wiki/source/Frank_Partnoy > Markdown URL: https://mediated.wiki/source/Frank_Partnoy.md > Source: https://en.wikipedia.org/wiki/Frank_Partnoy > Source revision: 1205922385 > License: Creative Commons Attribution-ShareAlike 4.0 International (https://creativecommons.org/licenses/by-sa/4.0/) {{Multiple issues|{{BLP sources|date=October 2014}} {{like resume|date=August 2016}}{{External links|date=February 2024}} }} '''Frank Partnoy''' is a Professor of Law at the [University of California Berkeley School of Law](/source/University_of_California_Berkeley_School_of_Law). He was a George E. Barrett Professor of Law and Finance and the founding director of the Center on Corporate and Securities Law at the [University of San Diego](/source/University_of_San_Diego), where he taught for 21 years. He is a scholar of the complexities of modern finance and financial market regulation. He worked as a [derivatives](/source/Derivative_(finance)) structurer at [Morgan Stanley](/source/Morgan_Stanley) and [CS First Boston](/source/CS_First_Boston) during the mid-1990s and wrote ''F.I.A.S.C.O.: Blood in the Water on Wall Street'', a book about his experiences there. ==Biography== Since 1997, he has been a law professor, and writing and speaking about markets to [Congress](/source/United_States_Congress), regulators, academics, and investors. He has written opinion pieces for ''[The New York Times](/source/The_New_York_Times)'' and the ''[Financial Times](/source/Financial_Times)'', and more than two dozen scholarly articles published in academic journals including ''[The Journal of Finance](/source/The_Journal_of_Finance)''. His books include ''Infectious Greed: How Deceit and Risk Corrupted the Financial Markets'', a corporate law casebook, and ''The Match King: Ivar Kreuger, The Financial Genius Behind a Century of Wall Street Scandals'', about the 1920s markets and [Ivar Kreuger](/source/Ivar_Kreuger), who many consider the father of modern financial schemes, which was a finalist for the ''Financial Times''/[Goldman Sachs](/source/Goldman_Sachs) Business Book of the Year in 2009. His most recent book is ''WAIT: The Art and Science of Delay'', published by [PublicAffairs](/source/PublicAffairs) in June 2012. Partnoy also has been a consultant to many corporations, banks, pension funds, and hedge funds regarding various aspects of financial markets and regulation.{{Cite web|url=http://frankpartnoy.com/about/|title=Frank Partnoy {{!}} About {{!}} Frank Partnoy|website=frankpartnoy.com|language=en-US|access-date=2018-02-15}} ==Scholarship== ===Casebooks=== * [https://archive.today/20130209115337/http://store.westlaw.com/palmiter-partnoys-corporations-a-contemporary-approach-interactive-casebook-series/144595/40700916/productdetail CORPORATIONS: A CONTEMPORARY APPROACH (Thomson 2010) (with Alan R. Palmiter)] * [https://archive.today/20130209175926/http://store.westlaw.com/klein-coffee-partnoys-business-organization-finance-legal-economic-principles-11th/144366/22071099/productdetail BUSINESS ORGANIZATION AND FINANCE, LEGAL AND ECONOMIC PRINCIPLES (with John C. Coffee, Jr. and William A. Klein) (Thomson 2010)] ===Book chapters=== * [https://ssrn.com/abstract=1757982 How Financial Regulation Might Harness the Power of Markets, in RULES FOR GROWTH: PROMOTING INNOVATION AND GROWTH THROUGH LEGAL REFORM (Ewing Marion Kauffman Foundation 2011)] * [https://ssrn.com/abstract=1430653 Overdependence on Credit Ratings Was a Primary Cause of the Crisis, in THE PANIC OF 2008: CAUSES, CONSEQUENCES, AND IMPLICATIONS FOR REFORM (Edward Elgar Press 2010, Lawrence Mitchell and Arthur Wilmarth, eds.)] * [https://ssrn.com/abstract=931254 Gap Filling, Hedge Funds, and Financial Innovation, in NEW FINANCIAL INSTRUMENTS AND INSTITUTIONS: OPPORTUNITIES AND POLICY CHALLENGES (Brookings Institution Press 2007, Yasuyuki Fuchita and Robert E. Litan, eds.) (with Randall Thomas)] * [https://ssrn.com/abstract=900257 How and Why Credit Rating Agencies Are Not Like Other Gatekeepers, in FINANCIAL GATEKEEPERS: CAN THEY PROTECT INVESTORS? (Brookings Institution Press 2006, Yasuyuki Fuchita and Robert E. Litan, eds.)] * [https://ssrn.com/abstract=302332 Enron and the Derivatives World, in ENRON: CORPORATE FIASCOS AND THEIR IMPLICATIONS (Foundation Press 2004, Nancy B. Rapoport and Bala G. Dharan, eds.)] * [https://ssrn.com/abstract=293085 ISDA, NASD, CFMA, and SDNY: The Four Horsemen of Derivatives Regulation?, in BROOKINGS-WHARTON PAPERS ON FINANCIAL SERVICES (Brookings Institution Press 2002, Robert E. Litan and Richard Herring, eds.)] * [https://ssrn.com/abstract=285162 The Paradox of Credit Ratings, in THE ROLE OF CREDIT REPORTING SYSTEMS IN THE INTERNATIONAL ECONOMY (Kluwer Academic Publishers 2002, Richard M. Levitch, Giovanni Majnoni, and Carmen Reinhart, eds.)] ===Published articles=== * {{cite journal |last1=Partnoy |first1=Frank |title=The Looming Bank Collapse |journal=The Atlantic |date=10 June 2020 |issue=July/August 2020 |url=https://www.theatlantic.com/magazine/archive/2020/07/coronavirus-banks-collapse/612247/ |accessdate=12 June 2020 |language=en |issn=1072-7825}}. Partnoy warns that [collateralized loan obligation](/source/collateralized_loan_obligation)s and other financial practices could lead American banking to collapse after the [COVID-19 crisis](/source/COVID-19_crisis). * The Abraham L. Pomerantz Lecture: Don't Blink: Snap Decisions and Securities Regulation, 77 BROOKLYN LAW REVIEW 151 (2011) * Patents as Options, in Perspectives on Commercializing Innovation (F. Scott Keefe, ed.) (with Shaun P. Martin) (Cambridge University Press 2011) * Credit Rating Agencies under the Dodd-Frank Act, 30 BANKING & FINANCIAL SERVICES POLICY REPORT 1 (Dec. 2011) (with Aline Darbellay) * [https://ssrn.com/abstract=1666350 Credit Default Swap Spreads as Viable Substitutes for Credit Ratings], 158 UNIVERSITY OF PENNSYLVANIA LAW REVIEW 2085 (2010) (with [Mark J. Flannery](/source/Mark_J._Flannery) and Joel F. Houston) * [https://web.archive.org/web/20120531172531/http://www.rooseveltinstitute.org/policy-and-ideas/ideas-database/bring-transparency-balance-sheet-accounting Bring Transparency to Off-Balance Sheet Accounting, Roosevelt Institute White Paper, Mar. 2010 (with Lynn E. Turner)] * [https://ssrn.com/abstract=1547201 Historical Perspectives on the Financial Crisis: Ivar Kreuger, the Credit Rating Agencies, and Two Theories about the Function, and Dysfunction, of Markets, 26 YALE JOURNAL ON REGULATION 431 (2009)] * [https://ssrn.com/abstract=1547226 Shapeshifting Corporations, 76 UNIVERSITY OF CHICAGO LAW REVIEW 261 (2009)] * [http://frankpartnoy.com/wp-content/uploads/2012/06/CRAWhitePaper04-14-09.pdf Rethinking Regulation of Credit Rating Agencies: An Institutional Investor Perspective, Council of Institutional Investors White Paper, Apr. 2009] * [https://ssrn.com/abstract=1666344 The Match King, Chapter 9: The Author’s Cut, 1207 (2009)] in the ''[Michigan State Law Review](/source/Michigan_State_Law_Review)'' * [https://ssrn.com/abstract=876344 The New Shareholder Activism (with Randall S. Thomas)] * [https://ssrn.com/abstract=1316408 The Returns to Hedge Fund Activism, 64 FINANCIAL ANALYSTS JOURNAL 27 (2008) (with Alon Brav, Wei Jiang, and Randall Thomas)] * [https://ssrn.com/abstract=948907 Hedge Fund Activism, Corporate Governance, and Firm Performance, 63 JOURNAL OF FINANCE 1729 (2008) (with Alon Brav, Wei Jiang, and Randall Thomas)] * [https://ssrn.com/abstract=929747 The Promise and Perils of Credit Derivatives, 75 UNIVERSITY OF CINCINNATI LAW REVIEW 1019 (2007) (invited symposium) (with David A. Skeel, Jr.)] * [https://ssrn.com/abstract=976939 Second-Order Benefits from Standards, 47 BOSTON COLLEGE LAW REVIEW 169 (2007)] * [http://frankpartnoy.com/wp-content/uploads/2012/06/1_1_077_Booth.pdf Alternative Structures and Strategies for Investors, 1 JOURNAL OF BUSINESS & TECHNOLOGY LAW 84 (2006)] * [https://ssrn.com/abstract=976931 Financial Innovation and Corporate Law, 36 JOURNAL OF CORPORATION LAW 799 (2006)] * [https://ssrn.com/abstract=621323 Encumbered Shares, 2005 UNIVERSITY OF ILLINOIS LAW REVIEW 775 (2005) (with Shaun P. Martin)] * [https://ssrn.com/abstract=245558 Synthetic Common Law, 53 UNIVERSITY OF KANSAS LAW REVIEW 281 (2005)] * [https://ssrn.com/abstract=620841 Strict Liability for Gatekeepers: A Reply to Professor Coffee, 84 BOSTON UNIVERSITY LAW REVIEW 365 (2004)] * [https://ssrn.com/abstract=417261 A Revisionist View of Enron and the Sudden Death of "May," 48 VILLANOVA LAW REVIEW 1245 (2003) (invited symposium), reprinted in ENRON AND WORLD FINANCE: A CASE STUDY IN ETHICS (2006)] * Multinational Regulatory Competition and Single-Stock Futures, 21 NORTHWESTERN JOURNAL OF LAW AND INTERNATIONAL BUSINESS 641 (2001) * [https://ssrn.com/abstract=285144 Finance and Patent Length, University of San Diego Law & Economics Research Paper No. 19 (2001)] * [https://ssrn.com/abstract=281360 Barbarians at the Gatekeepers?: A Proposal for a Modified Strict Liability Regime, 79 WASHINGTON UNIVERSITY LAW QUARTERLY 491 (2001)] * [https://ssrn.com/abstract=261896 Some Policy Implications of Single-Stock Futures, FUTURES & DERIVATIVES LAW REPORT, Mar. 2001] * [https://ssrn.com/abstract=259854 Derivatives on TV: A Tale of Two Derivatives Debacles in Prime-Time, GREENBAG (2001) (with Kimberly D. Krawiec and Peter H. Huang), reprinted at 2 DERIVATIVES REP. 15 (2001)] * [https://ssrn.com/abstract=281361 The Shifting Contours of Global Derivatives Regulation, 22 UNIVERSITY OF PENNSYLVANIA JOURNAL OF INTERNATIONAL ECONOMIC LAW 421 (2001)] * [https://ssrn.com/abstract=183473 Why Markets Crash and What Law Can Do About It, 61 UNIVERSITY OF PITTSBURGH LAW REVIEW 741 (2000)] * [https://ssrn.com/abstract=245553 Adding Derivatives to the Corporate Law Mix, 34 GEORGIA LAW REVIEW 599 (2000)] * [https://ssrn.com/abstract=167412 The Siskel and Ebert of Financial Markets: Two Thumbs Down for the Credit Rating Agencies, 77 WASHINGTON UNIVERSITY LAW QUARTERLY 619 (1999), reprinted at 33 SECURITIES LAW REVIEW 161 (2001)] * [https://litigation-essentials.lexisnexis.com/webcd/app?action=DocumentDisplay&crawlid=1&srctype=smi&srcid=3B15&doctype=cite&docid=22+Iowa+J.+Corp.+L.+211&key=4673abb184822907d08aba32933dfb59 Financial Derivatives and the Costs of Regulatory Arbitrage, 22 JOURNAL OF CORPORATION LAW 211 (1997)] ==Bibliography== * ''F.I.A.S.C.O.: Blood in the Water on Wall Street'' * ''Infectious Greed: How Deceit and Risk Corrupted the Financial Markets'' * ''The Match King: Ivar Kreuger, The Financial Genius Behind a Century of Wall Street Scandals'' * ''WAIT: The Art and Science of Delay'' ==References== {{reflist}} ==External links== * [http://www.frankpartnoy.com Official website] {{Authority control}} {{DEFAULTSORT:Partnoy, Frank}} Category:Year of birth missing (living people) Category:Living people Category:University of San Diego faculty Category:American legal scholars Category:Finance law scholars Category:Morgan Stanley employees --- Adapted from the Wikipedia article [Frank Partnoy](https://en.wikipedia.org/wiki/Frank_Partnoy) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Frank_Partnoy?action=history)). 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