A01=Dermot Turing
A01=Mr Dermot Turing
Age Group_Uncategorized
Age Group_Uncategorized
agent banks
Author_Dermot Turing
Author_Mr Dermot Turing
automatic-update
banks
barristers
Brexit
Category1=Non-Fiction
Category=KFFK
Category=LNPB
CCP
central counterparty default management auctions
COP=United Kingdom
CPMI
cross-border investment
CSDs
cyber security
Delivery_Delivery within 10-20 working days
eq_bestseller
eq_business-finance-law
eq_isMigrated=2
eq_nobargain
eq_non-fiction
financial institutions
Financial law
financial market infrastructures
FMIs
in-house counsel
insolvency
international regulatory standards
IOSCO
Language_English
legislators
PA=Available
policymaking
post-trade marketplace
post-trading industry
Price_€100 and above
prudential regulation
PS=Active
regulators
risk management
risk mitigation
softlaunch
trade associations
Product details
- ISBN 9781526514967
- Weight: 1346g
- Dimensions: 156 x 248mm
- Publication Date: 12 Feb 2021
- Publisher: Bloomsbury Publishing PLC
- Publication City/Country: GB
- Product Form: Hardback
- Language: English
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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.
This title is included in Bloomsbury Professional's Banking and Finance online service.
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 www.dermotturing.com
