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Clearing and Settlement
Buch von Dermot Turing
Sprache: Englisch

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Beschreibung
The post-trading industry is one in which financial firms make money and one in which risk issues need careful management. Reliable payment, clearing and settlement structures are perceived to be essential to enable financial firms to withstand shocks. A great deal of the cost of trading and cross-border investment is attributed to the very complex process of clearing and settlement.

This book describes and explains:

1. what happens in clearing and settlement, and the roles of (and risks assumed by) the various participants in the post-trade marketplace
2. the law applicable to infrastructures, how they are are regulated, and the other topographical features of their legal landscape
3. the legal and practical aspects of risk management and operations of infrastructures
4. the risks faced by participants in payment, clearing and settlement systems - the agent banks - along with
practical and operational issues which they face in their roles.

Fully revised, updates for the 3rd edition include:

- Implications and impact of Brexit
- CPMI and IOSCO paper on central counterparty default (CCP) management auctions
- cyber-security and the resilience of financial market infrastructures (FMIs) and the wider market ecosystem.
The post-trading industry is one in which financial firms make money and one in which risk issues need careful management. Reliable payment, clearing and settlement structures are perceived to be essential to enable financial firms to withstand shocks. A great deal of the cost of trading and cross-border investment is attributed to the very complex process of clearing and settlement.

This book describes and explains:

1. what happens in clearing and settlement, and the roles of (and risks assumed by) the various participants in the post-trade marketplace
2. the law applicable to infrastructures, how they are are regulated, and the other topographical features of their legal landscape
3. the legal and practical aspects of risk management and operations of infrastructures
4. the risks faced by participants in payment, clearing and settlement systems - the agent banks - along with
practical and operational issues which they face in their roles.

Fully revised, updates for the 3rd edition include:

- Implications and impact of Brexit
- CPMI and IOSCO paper on central counterparty default (CCP) management auctions
- cyber-security and the resilience of financial market infrastructures (FMIs) and the wider market ecosystem.
Über den Autor

Dermot Turing is a solicitor and former partner of lawfirm Clifford Chance, where he advised on payments, clearing and settlement for many years. He served as an independent member of the European Post Trade Forum during 2016-2017. He is now a Visiting Fellow at Kellogg College, Oxford University and contributes frequently to the academic analysis of clearing and settlement.
He is also a writer, speaker and a trustee of the Turing Trust. For more information visit [...]

Zusammenfassung
All relevant legislation and case law fully updated
Inhaltsverzeichnis

Part I - Processes
1. Introduction to Clearing and Settlement
2. What happens in Clearing and Settlement
3. Trading
4. Post-trade support services
5. Cash
6. Securities
Part II - Regulation
7. International regulatory standards
8. Regulation of infrastructures in the United Kingdom
9. Legal form and governance of infrastructures
10. The Clearing imperative
11. Competition
12. Prudential regulation of agent banks
Part III - Risk and operations
13. Insolvency
14. Failure and rehabilitation of infrastructures
15. Interoperability
16. Risk management in payment systems
17. Risk management at CCPs
18. Risk management at CSDs
19. Risk management at the agent bank
20. Dividends, corporate actions and voting rights
21. Securities lending
22. Tax

Details
Erscheinungsjahr: 2021
Fachbereich: Internationales & ausländ. Recht
Genre: Recht
Produktart: Nachschlagewerke
Rubrik: Recht & Wirtschaft
Medium: Buch
Inhalt: Gebunden
ISBN-13: 9781526514967
ISBN-10: 1526514966
Sprache: Englisch
Einband: Gebunden
Autor: Turing, Dermot
Auflage: 3rd edition
Hersteller: Bloomsbury Academic
Maße: 251 x 163 x 46 mm
Von/Mit: Dermot Turing
Erscheinungsdatum: 26.03.2021
Gewicht: 1,338 kg
Artikel-ID: 118062341
Über den Autor

Dermot Turing is a solicitor and former partner of lawfirm Clifford Chance, where he advised on payments, clearing and settlement for many years. He served as an independent member of the European Post Trade Forum during 2016-2017. He is now a Visiting Fellow at Kellogg College, Oxford University and contributes frequently to the academic analysis of clearing and settlement.
He is also a writer, speaker and a trustee of the Turing Trust. For more information visit [...]

Zusammenfassung
All relevant legislation and case law fully updated
Inhaltsverzeichnis

Part I - Processes
1. Introduction to Clearing and Settlement
2. What happens in Clearing and Settlement
3. Trading
4. Post-trade support services
5. Cash
6. Securities
Part II - Regulation
7. International regulatory standards
8. Regulation of infrastructures in the United Kingdom
9. Legal form and governance of infrastructures
10. The Clearing imperative
11. Competition
12. Prudential regulation of agent banks
Part III - Risk and operations
13. Insolvency
14. Failure and rehabilitation of infrastructures
15. Interoperability
16. Risk management in payment systems
17. Risk management at CCPs
18. Risk management at CSDs
19. Risk management at the agent bank
20. Dividends, corporate actions and voting rights
21. Securities lending
22. Tax

Details
Erscheinungsjahr: 2021
Fachbereich: Internationales & ausländ. Recht
Genre: Recht
Produktart: Nachschlagewerke
Rubrik: Recht & Wirtschaft
Medium: Buch
Inhalt: Gebunden
ISBN-13: 9781526514967
ISBN-10: 1526514966
Sprache: Englisch
Einband: Gebunden
Autor: Turing, Dermot
Auflage: 3rd edition
Hersteller: Bloomsbury Academic
Maße: 251 x 163 x 46 mm
Von/Mit: Dermot Turing
Erscheinungsdatum: 26.03.2021
Gewicht: 1,338 kg
Artikel-ID: 118062341
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