Regulation and Supervision of the OTC Derivatives Market Arias-Barrera Ligia Catherine
Regulation and Supervision of the OTC Derivatives Market Arias-Barrera Ligia Catherine The over-the-counter (OTC) derivatives market has captured the attention of regulators after the Global…
Specifikacia Regulation and Supervision of the OTC Derivatives Market Arias-Barrera Ligia Catherine
Regulation and Supervision of the OTC Derivatives Market Arias-Barrera Ligia Catherine
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. 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. 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.
It specifically focuses on prudential supervision and conduct of business rules governing OTC derivatives transactions