Modern Banking and OTC Derivatives Markets - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Modern Banking and OTC Derivatives Markets write by Mr.R. Sean Craig. This book was released on 2001-01-09. Modern Banking and OTC Derivatives Markets available in PDF, EPUB and Kindle. This chapter provides an overview of market practices, market structure, and official supervision and regulation in financial markets. This paper also highlights the key features of modern banking and over the counter (OTC) derivatives markets that seem to be relevant for assessing their functioning, their implications for systemic financial risks in the international financial system, and areas where improvements in ensuring financial stability can be obtained. The paper also describes how OTC derivatives activities have transformed modern financial intermediation and discusses how internationally active financial institutions have become exposed to additional sources of instability because of their large and dynamic exposures to the counterparty (credit) risks embodied in their OTC derivatives activities. In order to rebalance private and official roles, it is essential first to clarify the limits to market discipline in OTC derivatives markets, before leaning more heavily on aspects of market discipline that seem to work well in these markets.
Modern Banking and OTC Derivatives Markets
Modern Banking and OTC Derivatives Markets - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Modern Banking and OTC Derivatives Markets write by International Monetary Fund. This book was released on 2000. Modern Banking and OTC Derivatives Markets available in PDF, EPUB and Kindle. Business practices, derivatives markets, regulation, financial innovations.
Modern Financial Techniques, Derivatives and Law
Modern Financial Techniques, Derivatives and Law - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Modern Financial Techniques, Derivatives and Law write by Southern Methodist University. Institute of International Banking and Finance. This book was released on 2000-08-08. Modern Financial Techniques, Derivatives and Law available in PDF, EPUB and Kindle. This work examines both the UK and international regulation, as well as the case law and legislation affecting a wide spectrum of modern financial techniques. Within the scope of those financial techniques are the broad range of instruments, structures and contracts deployed by global financial markets in relation to corporate customers, sovereign entities and other public sector bodies. The essays in this collection are concerned with the nature of the modernity of financial products like derivatives, and the particularly acute challenge that they pose both to the control of financial markets by private law and by established means of regulation. Much of the book focuses on derivatives as exemplars of this broader context. The authors analyse practical and theoretical issues as diverse as credit derivatives, dematerialised securities, the ISDA EMU protocol, and the OTC derivatives market, as well as the regulation of financial products, the economics of financial techniques, and the international regulatory framework. They examine issues of private law, including the legal implications of immobilisation and dematerialisation in collateral transactions, seller liability in credit derivatives markets and fraud. The essays examine the benefits and shortcomings of various legal mechanisms and methods of financial regulation, and suggest new approaches to the questions facing the law of international finance. The essays in this book arose out of the W.G. Hart workshop on Transnational Corporate Finance and the Challenge to the Law held at the Institute of Advanced Legal Studies in London in 1998.
OTC Markets in Derivative Instruments
OTC Markets in Derivative Instruments - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook OTC Markets in Derivative Instruments write by Nick Cavalla. This book was released on 2016-07-27. OTC Markets in Derivative Instruments available in PDF, EPUB and Kindle. To date, most academic and practical texts have concentrated on the exchange-traded markets and focused on the nature and price characteristics of the various listed instruments. By contrast, OTC Markets in Derivative Instruments deals in detail with the complexities of the over-the-counter markets - extending a description of the core products to a discussion of real world applications and risks. Regulatory, accounting and tax issues are also covered. Contributors include Bankers Trust, BZW, GNI, Goldman Sachs, J.P. Morgan, Natwest Futures, Midland Montagu and Mitsubishi.
Regulation and Supervision of the OTC Derivatives Market
Regulation and Supervision of the OTC Derivatives Market - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Regulation and Supervision of the OTC Derivatives Market write by Ligia Catherine Arias-Barrera. This book was released on 2018-05-11. Regulation and Supervision of the OTC Derivatives Market available in PDF, EPUB and Kindle. 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.
