Colleen Baker

Associate Professor of Legal Studies

Affiliate Faculty, College of Law

Chair, Zinke Energy Management Program

About Baker

PhD (Wharton) Professor Baker is an expert in banking and financial institutions law and regulation, with extensive knowledge of over-the-counter derivatives, clearing, the Dodd-Frank Act, and bankruptcy, in addition to being a mediator and arbitrator. Previously, she spent time at the U. of Illinois Urbana-Champaign College of Business, the U. of Notre Dame Law School, and Villanova University Law School. She has consulted for the Federal Reserve Bank of Chicago, and for The Volcker Alliance. Prior to academia, Professor Baker worked as a legal professional and as an information technology associate. She is a member of the State Bars of NY and TX.

Research Areas:

Banking and Financial Institutions Law and Regulation
Regulation of Financial Market Infrastructures
Central Banking Regulation, Alternative Dispute Resolution, and Business Ethics

Education

Ph.D., Ethics and Legal Studies, The Wharton School
J.D./MBA, University of Virginia
M.S., Logic, Computation, and Methodology, Carnegie Mellon University
B.A., Program of Liberal Studies and Philosophy, University of Notre Dame

Publications

Baker, C. (2022). "Derivatives and ESG," American Business Law Journal, vol. 59, no. 4, pp. 725-772.

Baker, C.M., and Coleman, J. (2022). "Paying for Energy Peaks: Learning from Texas' February 2021 Power Crisis," Transactions: University of Tennessee Journal of Business Law, vol. 23, no. 3, pp. 463-475.

Houser, K., and Baker, C. (2022). "Sovereign Digital Currencies: Parachute Pants or the Continuing Evolution of Money," New York University Journal of Law & Business, vol. 18, no. 2, pp. 527-597.

Baker, C. (2021). "The Federal Reserve as Collateral’s Last Resort," Notre Dame Law Review, vol. 96, no. 4, pp. 1381-1401.

View more of Baker's publications

Baker, C. (2022). "Derivatives and ESG," American Business Law Journal, vol. 59, no. 4, pp. 725-772.
Baker, C.M., and Coleman, J. (2022). "Paying for Energy Peaks: Learning from Texas' February 2021 Power Crisis," Transactions: University of Tennessee Journal of Business Law, vol. 23, no. 3, pp. 463-475.
Houser, K., and Baker, C. (2022). "Sovereign Digital Currencies: Parachute Pants or the Continuing Evolution of Money," New York University Journal of Law & Business, vol. 18, no. 2, pp. 527-597.
Baker, C. (2021). "The Federal Reserve as Collateral’s Last Resort," Notre Dame Law Review, vol. 96, no. 4, pp. 1381-1401.
Baker, C. (2021). "Clearinghouse Shareholders and 'No Creditor Worse Off Than in Liquidation' Claims," Transactions: University of Tennessee Journal of Business Law, vol. 22, no. 2, pp. 335-353.
Baker, C. (2020). "Entrepreneurial Regulatory Legal Strategy: The Case of Cannabis," American Business Law Journal, vol. 57, no. 4, pp. 911-952.
Baker, C. "Entrepreneurial Regulatory Legal Strategy," American Business Law Journal (in press).
Baker, C., and Ostas, D. (2020). "Ethics of Legal Astuteness: Barring Class Actions Through Arbitration Clauses," Southern California Interdisciplinary Law Journal, vol. 29, no. 3, pp. 399-426.
Baker, C.M., Fratto, D., and Reiners, L. (2020). "Banking on the Cloud," Transactions: University of Tennessee Journal of Business Law, vol. 21, no. 2, pp. 381-401.
Baker, C.M. (2019). "Incomplete Clearinghouse Mandates," American Business Law Journal, vol. 56, no. 3, pp. 507-581.
Baker, C., and Werbach, K. (2019). "Blockchain in Financial Services," in J. Madir (Ed.), FinTech: Law and Regulation. Cheltenham: Edward Elgar Publishing Ltd., pp. 123-147.
Baker, C., Cummings, C., and Jagtianni, J. (2017). "The Impacts of Financial Regulations: Solvency and Liquidity in the Post-Crisis Period," Journal of Financial Regulation and Compliance, vol. 25, no. 3, pp. 253-270.
Baker, C. (2016). "When Regulators Collide: Financial Market Stability, Systemic Risk, Clearinghouses, and CDS," University of Virginia Law & Business Review, vol. 10, no. 3, pp. 343-491.
Baker, C. (2016). Clearinghouses for Over-the-Counter Derivatives (The Volcker Alliance Working Paper). New York, pp. 1-76.
Baker, C.M. (2015). "Regulatory Reforms and Unintended Collisions: The Case of the Volcker Rule and the Over-the-Counter Derivative Markets," Capital Markets Law Journal, vol. 10, no. 4, pp. 433-446.
Baker, C. (2015). "A Primer on Dodd-Frank’s Title VIII," in J. Barth and G. Kaufman (Eds.), The First Great Financial Crisis of the 21st Century: A Retrospective. Hanover: WSPC/NOW, pp. 283-298.
Baker, C. (2012-2013). "The Federal Reserve's Supporting Role Behind Dodd-Frank's Clearinghouse Reforms," Harvard Business Law Review Online, vol. 3, pp. 177-186.
Baker, C. (2013). "The Federal Reserve’s Use of International Swap Lines," Arizona Law Review, vol. 55, no. 3, pp. 603-654.
Baker, C. (2013, July 25). "Evaluating Dodd-Frank and International Approaches to Clearinghouses, Central Banks, and Swap Lines," CLS Blue Sky Blog.
Baker, C. (2012). "The Federal Reserve as Last Resort," University of Michigan Journal of Law Reform, vol. 46, no. 1, pp. 69-133.
Baker, C. (2011). "Charting a Course in Clearing," Bulletin of the Notre Dame Center for the Study of Financial Regulation. South Bend: University of Notre Dame College of Business, pp. 11-18.
Baker, C.M. (2010). "Regulating the Invisible: The Case of Over-the-Counter Derivatives," Notre Dame Law Review, vol. 85, no. 4, pp. 1287-1378.
Baker, C. (2010). "Sovereign Wealth Funds," in J. Boatright (Ed.), Finance Ethics: Critical Issues in Theory and Practice. Hoboken: John Wiley & Sons, Inc., pp. 253-271.
Dunfee, T., and Baker, C. (2007). "The Impact of Dirty Money on Global Capitalism," Business Ethics Quarterly, vol. 17, no. 4, pp. 729-742.
Baker, C. (2004). "The Fate of Human Capital Contracts in Bankruptcy," in E. O’Halloran, M. Palacios Lleras, A.L. Halliday, and R.F. Bruner (Eds.), An Executive Briefing on Financing Human Capital. Charlottesville: University of Virginia Darden School of Business, pp. 80-93.

Media

Global Risk Regulator (a specialist service from the Financial Times):

"FSB Treads Fine Line on CCP Resolution in Final Guidance"
"FSB Sees Potential Problems With Rules on Clearing OTC Derivatives"
"Dealers v. Clearers: A Battle of Living Wills"
"US Regulatory Proposals Pose Concern to Foreign Banks Operating There"
"Battle Between CCPs and Their Members Steps Up a Notch"
"FSB Throws CCP Equity on the Line in Resolution Consultation"

The Wall Street Journal:

"Clearing Houses: The New Too-Big-to-Fail Firm"

Financial News London:

"Clearing Houses: The New Too-Big-to-Fail Firms"

Blog Editor:

Business Law Prof Blog

About OU's Price College of Business

The University of Oklahoma Michael F. Price College of Business has experienced significant growth over the past five years, becoming OU’s second-largest college with over 5,800 students. The college offers highly ranked undergraduate, master’s, executive and doctoral programs across six academic divisions. More information is available at price.ou.edu