Clearing and Settlement in Europe

ISBN-13: 9781780431109 / Angielski / Twarda / 2012 / 556 str.

Dermot Turing

Opis

Unlike other areas of financial services, the law of clearing and settlement is not harmonised or subject to all-embracing EU directives. This has allowed diverse national approaches to develop, creating a complex subject in which risks and rights are poorly understood. This book clarifies and explains this area for banks.

Spis treści

1 Introduction to Clearing and Settlement; 2 What happens in Clearing and Settlement; 3 Trading; 4 Post-trade support services; 5 Clearing of OTC Derivatives; 6 International regulation; 7 Competition Law; 8 Insolvency; 9 Cash; 10 Securities; 11 Regulation of Infrastructures under English law; 12 Legal form and governance of infrastructures; 13 Interoperability; 14 Risk Management at CCPs; 15 Risk Management at CSDs; 16 Risk Management in Payment Systems; 17 Insolvency of Infrastructures; 18 Risk Management at the Agent Bank; 19 Prudential Regulation; 20 Dividends, Corporate Actions and Voting Rights; 21 Securities lending; 22 Tax.