Regulatory Reform And The Derivatives Market
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Author |
: United States Congress |
Publisher |
: Createspace Independent Publishing Platform |
Total Pages |
: 196 |
Release |
: 2017-10-14 |
ISBN-10 |
: 1978261640 |
ISBN-13 |
: 9781978261648 |
Rating |
: 4/5 (40 Downloads) |
Synopsis Regulatory Reform and the Derivatives Market by : United States Congress
Regulatory reform and the derivatives market: hearing before the Committee on Agriculture, Nutrition, and Forestry, United States Senate, One Hundred Eleventh Congress, first session, June 4, 2009.
Author |
: United States Senate |
Publisher |
: |
Total Pages |
: 196 |
Release |
: 2019-10-17 |
ISBN-10 |
: 1700341669 |
ISBN-13 |
: 9781700341662 |
Rating |
: 4/5 (69 Downloads) |
Synopsis Regulatory Reform and the Derivatives Market by : United States Senate
Regulatory reform and the derivatives market: hearing before the Committee on Agriculture, Nutrition, and Forestry, United States Senate, One Hundred Eleventh Congress, first session, June 4, 2009.
Author |
: United States. Congress. Senate. Committee on Agriculture, Nutrition, and Forestry |
Publisher |
: |
Total Pages |
: |
Release |
: 2010 |
ISBN-10 |
: OCLC:1231267220 |
ISBN-13 |
: |
Rating |
: 4/5 (20 Downloads) |
Synopsis Regulatory Reform and the Derivatives Market :. by : United States. Congress. Senate. Committee on Agriculture, Nutrition, and Forestry
Author |
: Raffaele Scalcione |
Publisher |
: Kluwer Law International B.V. |
Total Pages |
: 458 |
Release |
: 2011-01-01 |
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.
Author |
: United States. Congress. Senate. Committee on Agriculture, Nutrition, and Forestry |
Publisher |
: |
Total Pages |
: 196 |
Release |
: 2010 |
ISBN-10 |
: UOM:39015090414916 |
ISBN-13 |
: |
Rating |
: 4/5 (16 Downloads) |
Synopsis Regulatory Reform and the Derivatives Market by : United States. Congress. Senate. Committee on Agriculture, Nutrition, and Forestry
Author |
: United States. Congress. Senate. Committee on Agriculture, Nutrition, and Forestry |
Publisher |
: |
Total Pages |
: |
Release |
: 2010* |
ISBN-10 |
: OCLC:725269249 |
ISBN-13 |
: |
Rating |
: 4/5 (49 Downloads) |
Synopsis REGULATORY REFORM AND THE DERIVATIVES MARKET... HRG... S. HRG. 111-246... COM. ON AGRICULTURE, NUTRITION AND FORESTRY, U.S. SENATE... 111TH CONGRESS, 1ST SESSION. by : United States. Congress. Senate. Committee on Agriculture, Nutrition, and Forestry
Author |
: International Monetary Fund |
Publisher |
: International Monetary Fund |
Total Pages |
: 32 |
Release |
: 2010-07-30 |
ISBN-10 |
: 9781455206797 |
ISBN-13 |
: 1455206792 |
Rating |
: 4/5 (97 Downloads) |
Synopsis United States by : International Monetary Fund
OTC derivatives markets were an increasing source of vulnerability heading into the crisis. OTC derivatives markets contributed to the financial crisis. Credit derivatives facilitated the development and growth of the structured securities markets; and the purchasing, packaging, and distribution of poorly underwritten loans and mortgages. The proposed reforms will make major improvements to market trading liquidity and the price discovery process. The reversal of the deregulation of OTC derivatives marks a major improvement in regulatory approach, and it closes an important gap in the regulatory framework.
Author |
: Ligia Catherine Arias-Barrera |
Publisher |
: Routledge |
Total Pages |
: 215 |
Release |
: 2018-05-11 |
ISBN-10 |
: 9781351797719 |
ISBN-13 |
: 1351797719 |
Rating |
: 4/5 (19 Downloads) |
Synopsis Regulation and Supervision of the OTC Derivatives Market by : Ligia Catherine Arias-Barrera
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.
Author |
: Eric Helleiner |
Publisher |
: Oxford University Press |
Total Pages |
: 289 |
Release |
: 2018-02-07 |
ISBN-10 |
: 9780190864590 |
ISBN-13 |
: 0190864591 |
Rating |
: 4/5 (90 Downloads) |
Synopsis Governing the World's Biggest Market by : Eric Helleiner
In the wake of the 2008 global financial crisis, the regulation of the world's enormous derivatives markets assumed center stage on the international public policy agenda. Critics argued that loose regulation had contributed to the momentous crisis, but lasting reform has been difficult to implement since. Despite the global importance of derivatives markets, they remain mysterious and obscure to many. In Governing the World's Biggest Market, Eric Helleiner, Stefano Pagliari, and Irene Spagna have gathered an international cast of contributors to rectify this relative neglect. They examine how G20 governments have developed a coordinated international agenda to enhance control over these markets, which had been allowed to grow largely unchecked before the crisis. In analyzing this reform agenda, they advance three core arguments: first, the agenda to rein in these enormous markets has many limitations; second, the reform process has been plagued by delays, inconsistencies, and tensions that fragment the governance of these markets; and third, the politics driving the reforms have been extremely complicated. An authoritative overview of how this vast system is governed, Governing the World's Biggest Market looks at how the goals, limitations, and outcomes of post-crisis initiatives to regulate these markets have been influenced by a complex combination of transnational, inter-state, and domestic political dynamics. Moreover, this volume emphasizes how crucial regulatory reform is to stabilizing the global economy long-term.
Author |
: Franklin R. Edwards |
Publisher |
: Springer Science & Business Media |
Total Pages |
: 201 |
Release |
: 2012-12-06 |
ISBN-10 |
: 9789400921931 |
ISBN-13 |
: 9400921934 |
Rating |
: 4/5 (31 Downloads) |
Synopsis Regulatory Reform of Stock and Futures Markets by : Franklin R. Edwards