Clearing Services for Global Markets - A Framework for the Future Development of the Clearing Industry (Hardcover)

Clearing forms the core part of a smooth and efficiently functioning financial market infrastructure. Traditionally, it has been provided by clearing houses, most of which today act as a 'central counterparty' (CCP) between the two sides of a trade. The rapid growth of cross-border trading has sparked discussion on the most efficient industry structure - particularly in Europe and the US. At the heart of this discussion lies the question of whether the implementation of a single clearing house creates greater benefits than a more competitive but interlinked market structure. This is the starting point for this book, which analyses the efficiency of clearing and clearing industry structure. Along with clear-cut definitions and a concise characterisation and descriptive analysis of the clearing industry, the book determines the efficiency impact of various cross-border integration and harmonisation initiatives between CCPs. This serves to identify the most preferable future structure for the clearing industry.

General

Imprint:	Cambridge UniversityPress
Country of origin:	United Kingdom
Release date:	September 2009
First published:	2009
Authors:	Tina P. Hasenpusch
Dimensions:	244 x 170 x 32mm (L x W x T)
Format:	Hardcover
Pages:	570
ISBN-13:	978-0-521-51871-0
Categories:	Books > Business & Economics > Finance & accounting > General Books > Law > Laws of other jurisdictions & general law > Financial, taxation, commercial, industrial law > Financial law > General Promotions
LSN:	0-521-51871-7
Barcode:	9780521518710

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