Regulation of Derivative Financial Instruments

Regulation of Derivative Financial Instruments
Author :
Publisher :
Total Pages : 0
Release :
ISBN-10 : 0314289704
ISBN-13 : 9780314289704
Rating : 4/5 (04 Downloads)

Synopsis Regulation of Derivative Financial Instruments by : Ronald H. Filler

As a result of the Dodd-Frank Act Wall Street Reform and Consumer Protection Act of 2010, derivatives regulation has become a hot topic on Wall Street and is, therefore, of much interest to law firms with financial institutions as clients. An increasing number of classes on this subject are being taught at law schools around the country, but, to date, there has been no casebook on the subject. This casebook explores the regulation of swaps, futures and options by the Commodity Futures Trading Commission and the Securities and Exchange Commission. It examines the regulatory history of derivative instruments and traces the development of modern market structures while addressing the role of the exchanges, the clearinghouses, and market participants, such as futures commission merchants, swap dealers, and hedge funds that act as commodity pool operators. Structured in a traditional format, this casebook uses cases to teach students important points of law and industry practices needed to understand the role played by derivative instruments in modern finance. The cases are accompanied by commentary from the authors expanding on the points raised in the cases.

Derivatives Law and Regulation

Derivatives Law and Regulation
Author :
Publisher :
Total Pages : 698
Release :
ISBN-10 : 1531004156
ISBN-13 : 9781531004156
Rating : 4/5 (56 Downloads)

Synopsis Derivatives Law and Regulation by : Gary E. Kalbaugh

OTC Derivatives Regulation Under Dodd-Frank

OTC Derivatives Regulation Under Dodd-Frank
Author :
Publisher :
Total Pages : 750
Release :
ISBN-10 : 0314638237
ISBN-13 : 9780314638236
Rating : 4/5 (37 Downloads)

Synopsis OTC Derivatives Regulation Under Dodd-Frank by : William Charles Meehan

The Law on Financial Derivatives

The Law on Financial Derivatives
Author :
Publisher :
Total Pages : 1012
Release :
ISBN-10 : 0414060091
ISBN-13 : 9780414060098
Rating : 4/5 (91 Downloads)

Synopsis The Law on Financial Derivatives by : Alastair Hudson

The Derivatives Revolution

The Derivatives Revolution
Author :
Publisher : Kluwer Law International B.V.
Total Pages : 458
Release :
ISBN-10 : 9789041134301
ISBN-13 : 9041134301
Rating : 4/5 (01 Downloads)

Synopsis The Derivatives Revolution by : Raffaele Scalcione

It is now widely recognized that an uncontrolled "derivatives revolution" triggered one of the most spectacular worst-case scenarios of modern times. This book - the most cogent legal analysis of the subject yet to appear in any language - lays bare the core role played by the failure to adequately regulate derivatives in the financial crisis of recent years. The author's insistence that derivatives must be viewed not as profit-seeking investments but as risk management tools - and his well-grounded prescriptions to ensure that they are regulated in that way - sheds clear light on the best way for companies, financial institutions, and hedge funds to move forward in their use of these useful but highly hazardous instruments. This book clearly shows how such elements as the following fit into the legal analysis of derivatives, and how proper regulation will preserve their usefulness and economic value: ; derivatives allow for the most efficient and cost-effective risk fractioning, hence risk taking, techniques ever conceived; derivatives allow for all measurable and identifiable risks that may exist in modern finance; the ability to isolate risks and insure against risk exposures is the key to the very survival of modern financial markets; risk buyers effectively take on financial exposure to various types of risk while hedgers unload unwanted exposures; derivatives allow domestic investors to acquire exposure to foreign markets without the necessity of dealing with foreign laws, foreign investments, currency exchange, or foreign fiscal regimes; derivatives increase social welfare by making it easier and less expensive to carry out many types of financial transactions; derivatives allow governments to insulate, manage, hedge or concentrate risks deriving from financial, meteorological, and even geopolitical exposure; and derivatives allow radical changes to financial and risk structure to be performed silently and rapidly. To the question: how do we ensure that a company trading derivatives is regulated effectively? this work offers a clear and convincing answer. The author's detailed recommendations for regulatory and corporate governance measures are designed to prevent excessive risk taking, the emergence of rogue traders, and ultimately the emergence of another systemic disturbance caused by chains of derivatives-related losses.

Regulating Financial Derivatives

Regulating Financial Derivatives
Author :
Publisher : Edward Elgar Publishing
Total Pages : 228
Release :
ISBN-10 : 9781788111928
ISBN-13 : 1788111923
Rating : 4/5 (28 Downloads)

Synopsis Regulating Financial Derivatives by : Alexandra G. Balmer

This book puts forward a holistic approach to post-crisis derivatives regulation, providing insight into how new regulation has dealt with the risk that OTC derivatives pose to financial stability. It discusses the implications that post crisis regulation has had on central counterparties and the risk associated with clearing of OTC derivatives. The author offers a novel solution to tackle the potential negative externalities from the failure of a central counterparty and identifies potential new risks arising from post crisis reforms.

The PAYTECH Book

The PAYTECH Book
Author :
Publisher : John Wiley & Sons
Total Pages : 261
Release :
ISBN-10 : 9781119551911
ISBN-13 : 1119551919
Rating : 4/5 (11 Downloads)

Synopsis The PAYTECH Book by : Susanne Chishti

The only globally-crowdsourced book on the future of payments (“PayTech”), offering comprehensive understanding of a rapidly evolving industry at the centre of global commerce The movement of money between individuals, organisations and governments is crucial to the world economy. The payments industry has undergone immense transformation ­– new regulations, technologies and consumer demands have prompted significant changes to the tools, products and use cases in payments, as well as presented lucrative opportunities for entrepreneurs and FinTech professionals. As payment technologies become faster and more efficient, companies and investors are increasingly favouring PayTech innovation due to better customer experience, increased revenues and manageable risks. The PAYTECH Book brings together a diverse collection of industry experts to provide entrepreneurs, financial services professionals and investors with the answers they need to capitalise on the highly profitable PayTech market. Written by leaders in the global FinTech and payment sectors, this informative volume explains key industry developments and presents valuable first-hand insights from prominent industry practitioners. Contributors include advisors and consultants to the payments and financial services industry, entrepreneurs and business owners utilising cutting-edge PayTech capabilities, academic researchers exploring the social-political-economic impact of PayTech and many others. Detailed chapters cover essential topics such as cybersecurity, regulation and compliance, wholesale payments and how payment systems currently work and how PayTech can improve them. This book: Defines PayTech and identifies its key players Discusses how PayTech can transform developed markets and accelerate growth in emerging economies Describes how PayTech fits into the larger FinTech ecosystem Explores the future of PayTech and its potential as an agent of social change and financial inclusion Provides diverse perspectives on investment in PayTech and what consolidation and expansion will look like The PAYTECH Book: The Payment Technology Handbook for Investors, Entrepreneurs and FinTech Visionaries is an indispensable source of information for FinTech investors and entrepreneurs, managers from payments companies and financial services firms and executives responsible for payments in government, corporations, public sector organisations, retailers and users of payments.

OTC Derivatives: Bilateral Trading and Central Clearing

OTC Derivatives: Bilateral Trading and Central Clearing
Author :
Publisher : Palgrave Macmillan
Total Pages : 304
Release :
ISBN-10 : 1137293853
ISBN-13 : 9781137293855
Rating : 4/5 (53 Downloads)

Synopsis OTC Derivatives: Bilateral Trading and Central Clearing by : David Murphy

The OTC derivatives market has been hit by a massive wave of regulatory change. Capital and margin requirements have increased, trade reporting has been mandated, and execution mechanisms are evolving. Most of all, central clearing is being imposed for many transactions. OTC Derivatives: Bilateral Trading and Central Clearing explains the new rules and the new models. It discusses the traditional bilateral market, then sets out how this will change due to mandatory central clearing and the new ways in which OTC derivatives will have to be traded, reported, and processed. The risks of OTC derivatives clearing houses are discussed in detail, as are the protections that CCPs have against these risks. The book also looks at alternatives to some of the policy decisions that have been made, showing the balance between costs and benefits of various different approaches to derivatives market stability. The book is both a detailed primer on OTC derivatives clearing and a powerful insight into post-crisis financial regulation. Key features of the book include: • A discussion of the capital rules for OTC derivatives counterparty credit risk in Basel III; • An account of OTC derivatives trade processing in both bilateral and cleared markets; • A detailed account of the risk profile of OTC derivatives CCPs; • An explanation of the risks run in various collateral segregation models; and • A comparison of various macro-prudential tools for enhancing the financial stability of OTC derivatives markets.

Regulating Wall Street

Regulating Wall Street
Author :
Publisher : John Wiley & Sons
Total Pages : 592
Release :
ISBN-10 : 9780470949863
ISBN-13 : 0470949864
Rating : 4/5 (63 Downloads)

Synopsis Regulating Wall Street by : New York University Stern School of Business

Experts from NYU Stern School of Business analyze new financial regulations and what they mean for the economy The NYU Stern School of Business is one of the top business schools in the world thanks to the leading academics, researchers, and provocative thinkers who call it home. In Regulating Wall Street: The New Architecture of Global Finance, an impressive group of the Stern school’s top authorities on finance combine their expertise in capital markets, risk management, banking, and derivatives to assess the strengths and weaknesses of new regulations in response to the recent global financial crisis. Summarizes key issues that regulatory reform should address Evaluates the key components of regulatory reform Provides analysis of how the reforms will affect financial firms and markets, as well as the real economy The U.S. Congress is on track to complete the most significant changes in financial regulation since the 1930s. Regulating Wall Street: The New Architecture of Global Finance discusses the impact these news laws will have on the U.S. and global financial architecture.