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Yesha Yadav

Associate Dean and Robert Belton Director of Diversity, Equity and Community
Milton R. Underwood Chair
Professor of Law
Faculty Co-director, LL.M. Program

Yesha Yadav's research interests lie in the area of financial and securities regulation, notably with respect to the evolving response of regulatory policy to innovations in financial engineering, market microstructure and globalization. Before joining Vanderbilt's law faculty in 2011, Dean Yadav worked as legal counsel with the World Bank in its finance, private-sector development and infrastructure unit, where she specialized in financial regulation and insolvency and creditor-debtor rights. Before joining the World Bank in 2009, she practiced from 2004-08 in the London and Paris offices of Clifford Chance, in the firm's financial regulation and derivatives group. As part of her work in the area of payments regulation, she was assigned to advise the European Payments Council on the establishment of the Single Euro Payments Area, an initiative that seeks to integrate the domestic payments markets across the European Economic Area and Switzerland. Since joining Vanderbilt, Yadav has served as honorary advisor to India’s Financial Services Law Reform Commission and on the Atlantic Council’s Task Force on Divergence and the Transatlantic Financial Reform and G-20 Agenda. She is a member of the Commodities Futures Trading Commission’s Technology Advisory Committee and the Tennessee State Advisory Committee to the U.S. Commission on Civil Rights. She earned an M.A. in law and modern languages with First Class honors at the University of Cambridge, after which she earned an LL.M. at Harvard Law School, where she focused on financial and capital markets regulation, payment systems and terrorist financing. Yadav was the law school's Enterprise Faculty Fellow for 2017-19 and a Vanderbilt University Chancellor Faculty Fellow for 2019-21. She was honored in 2020 as a second-time winner of the student-selected Hall-Hartman Outstanding Professor Award for excellence in teaching. She has served as Associate Dean and Robert Belton Director of Diversity, Equity and Community since summer 2020.

Research Interests

International banking and financial regulation, securities regulation, the law of money and payment systems, bankruptcy

Representative Publications

  • "The Failed Regulation of U.S. Treasury Markets," 121 Columbia Law Review 1173 (2021). Selected for the Best Corporate and Securities Articles of 2021 by Corporate Practice Commentator.
    Full Text | SSRN
  • "Oversight Failure in Securities Markets," 104 Cornell Law Review 1799 (2019)
    Full Text | SSRN
  • "Too Big to Fail Shareholders," 103 Minnesota Law Review 587 (2019)
    Full Text | SSRN
  • "Fintech and the Innovation Trilemma," 107 Georgetown Law Journal 235 (2019) (with Chris Brummer) Selected for reprinting in the Corporate Practice Commentator.
    Full Text | SSRN
  • "Insider Trading and Market Structure," 63 UCLA Law Review 968 (2016)
    Full Text | SSRN
  • "How Algorithmic Trading Undermines Efficiency in Capital Markets," 68 Vanderbilt Law Review 1607 (2015) (First Prize Winner, George Washington University/C-Leaf Junior Faculty Workshop, 2015) (earlier draft noted in the Economist and Bloomberg) (cited by the D.C. Circuit in Coburn v. Evercore and by the Sixth Circuit in Paul Saumer v. Cliffs Natural Resources Inc.</i>)
    Full Text | SSRN
  • "The Failure of Liability in Modern Markets," 102 Virginia Law Review 1031 (2016)
    Full Text | SSRN
  • "Insider Trading in Derivatives Markets," 103 Georgetown Law Journal 381 (2015) (noted in the Wall Street Journal and Bloomberg) (chosen by the Corporate Practice Commentator as a top 10 article in securities and corporate law in 2014)
    Full Text | PDF
  • "The Case for a Market in Debt Governance," 67 Vanderbilt Law Review 771 (2014)
    Full Text | WWW
  • "The Problematic Case of Clearinghouses in Complex Markets," 101 Georgetown Law Journal 387 (2013) (cited by Justice Thomas in the U.S. Supreme Court’s unanimous opinion in Alice Corp. v. CLS Bank International)
    Full Text | SSRN | HEIN