
- 225 pages
- English
- PDF
- Available on iOS & Android
The Law and Regulation of Central Counterparties
About this book
The Law and Regulation of Central Counterparties provides a detailed analysis of the legal and regulatory aspects of Central Counterparties (CCPs) with an introduction to their role and functions in modern financial markets. The book begins by describing in detail basic elements of modern post-trade infrastructure, exploring the modern functional and operational aspects of CCPs in the markets. It moves on to discuss the relationships between CCPs and their members, and clients of clearing members as non-members, legal issues concerning collateralisation, netting and set-off, and default arrangements that are primarily embedded in the form of the rules and regulations of CCPs. With regard to regulatory issues, the book examines the regulatory framework with reference to the UK and the EU. As to the case for a single CCP for various different types of markets, the analysis covers the advantages and disadvantages of CCP clearing and carries out an assessment of the risks and benefits of a single multi-market CCP.
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Information
Table of contents
- Cover
- Prelims
- Foreword
- Acknowledgements
- Contents
- 1 Introduction
- 2 Basic Elements of Post-trade Infrastructure
- 3 The Functional and Operational Aspects of Central Counterparties
- 4 Legal Issues: The Key Relationships
- 5 Default Procedures and CCPs' Default
- 6 Regulatory Issues
- 7 The Case For a Single Multi-market Central Counterparty
- 8 Conclusions
- Select Bibliography
- Index