|
Books > Law > Laws of other jurisdictions & general law > Financial, taxation, commercial, industrial law > Financial law > Banking law
|
Buy Now
Regulation and Supervision of the OTC Derivatives Market (Paperback)
Loot Price: R1,437
Discovery Miles 14 370
|
|
|
Regulation and Supervision of the OTC Derivatives Market (Paperback)
Series: Routledge Research in Finance and Banking Law
Expected to ship within 10 - 15 working days
|
The over-the-counter (OTC) derivatives market has captured the
attention of regulators after the Global Financial Crisis due to
the risk it poses to financial stability. Under the post-crisis
regulatory reform the concentration of business, and risks, among a
few major players is changed by the concentration of a large
portion of transactions in the new market infrastructures, the
Central Counterparties (CCPs). This book, for the first time,
analyses the regulatory response of the United Kingdom and the
United States, the two largest centres of OTC derivatives
transactions, and highlights their shortcomings. The book uses a
normative risk-based approach to regulation as a methodological
lens to analyse the UK regime of CCPs in the OTC derivatives
market. It specifically focuses on prudential supervision and
conduct of business rules governing OTC derivatives transactions
and the move towards enhancing the use of central clearing. The
resulting analysis, from a normative risk based approach, suggests
that the UK regime for CCPs does not fulfil what would be expected
if a coherent risk based approach was taken. Our comments on the
Dodd-Frank Act highlight that the incoherent adoption of risk-based
approach to regulation affects the effectiveness of the US regime
for CCPs. Such a regime does not follow the pace of events of
'innovation risk'; in particular, the foreseeable changes FinTech
will bring to the OTCDM and central clearing services. The second
inadequacy of the US regime concerns the dual regulatory structure
of the CFTC and the SEC, and the inadequate adoption of different
and not well-coordinated regulatory strategies. We also analyse the
cross-border implications of the US regime for non-US CCPs that
provide clearing services to US market participants. Finally, we
study the negative effects of the absence of a clearly defined
resolution regime for CCPs.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
|
You might also like..
|
Email address subscribed successfully.
A activation email has been sent to you.
Please click the link in that email to activate your subscription.
Welcome to Loot.co.za!
Sign in / Register |Wishlists & Gift Vouchers |Help | Advanced search
