Read The Risk Controllers: Central Counterparty Clearing in Globalised Financial Markets

The Risk Controllers: Central Counterparty Clearing in Globalised Financial Markets

Peter Norman

4.9/5 (15813 ratings)

Description:Clearing houses, or CCPs, were among the very few organisations to emerge from the global financial crisis with their standing enhanced. In the chaotic aftermath of the bankruptcy of Lehman Brothers, they successfully completed trades worth trillions of dollars in a multitude of financial instruments across listed and over-the-counter markets, and so helped avert financial Armageddon. That success transformed the business of clearing. Governments and regulators around the world gave CCPs and the clearing services they provide a front-line role in protecting the global economy from future excesses of finance. CCPs, which mitigate risk in financial markets, responded by greatly expanding their activities, notably in markets for over-the-counter derivatives, and often in fierce competition with one another.In "The Risk Controllers," journalist and author Peter Norman describes how CCPs operate, how they handled the Lehman default, and the challenges they now face. Because central counterparty clearing is a complex business with a long history that continues to influence decisions and structures even in today's fast changing world, "The Risk Controllers" explores the development of CCPs and clearing from the earliest times to the present.It draws on the experiences of the people who helped to shape the business of clearing today. It sets the development of CCPs and clearing in the broader context of changes in society, politics and regulation. The book examines turning points, such as the 1987 stock market crash, that set clearing on a new path and the impact of long running trends, including the exponential growth of computer power and the ebb and flow of globalisation.Written in non-technical language, "The Risk Controllers" provides a unique and accessible guide to CCPs and clearing. It is essential reading for clearing professionals, legislators and regulators whose job it is to take this vitally important business into the future.""The recent crisis has, thankfully, renewed interest in the importance of central counterparties: how they can help preserve stability or, as Hong Kong showed in 1987, undermine stability if they are not super sound. Peter Norman's book places the role of clearing houses in a historical context, and explains why the financial system's plumbing matters so much. It should be read by anyone interested in building safer capital markets.""Paul Tucker, Deputy Governor Financial Stability, Bank of EnglandWe have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with The Risk Controllers: Central Counterparty Clearing in Globalised Financial Markets. To get started finding The Risk Controllers: Central Counterparty Clearing in Globalised Financial Markets, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

Pages: —

Format: PDF, EPUB & Kindle Edition

Publisher: —

Release: —

ISBN: 1119977940

Description: Clearing houses, or CCPs, were among the very few organisations to emerge from the global financial crisis with their standing enhanced. In the chaotic aftermath of the bankruptcy of Lehman Brothers, they successfully completed trades worth trillions of dollars in a multitude of financial instruments across listed and over-the-counter markets, and so helped avert financial Armageddon. That success transformed the business of clearing. Governments and regulators around the world gave CCPs and the clearing services they provide a front-line role in protecting the global economy from future excesses of finance. CCPs, which mitigate risk in financial markets, responded by greatly expanding their activities, notably in markets for over-the-counter derivatives, and often in fierce competition with one another.In "The Risk Controllers," journalist and author Peter Norman describes how CCPs operate, how they handled the Lehman default, and the challenges they now face. Because central counterparty clearing is a complex business with a long history that continues to influence decisions and structures even in today's fast changing world, "The Risk Controllers" explores the development of CCPs and clearing from the earliest times to the present.It draws on the experiences of the people who helped to shape the business of clearing today. It sets the development of CCPs and clearing in the broader context of changes in society, politics and regulation. The book examines turning points, such as the 1987 stock market crash, that set clearing on a new path and the impact of long running trends, including the exponential growth of computer power and the ebb and flow of globalisation.Written in non-technical language, "The Risk Controllers" provides a unique and accessible guide to CCPs and clearing. It is essential reading for clearing professionals, legislators and regulators whose job it is to take this vitally important business into the future.""The recent crisis has, thankfully, renewed interest in the importance of central counterparties: how they can help preserve stability or, as Hong Kong showed in 1987, undermine stability if they are not super sound. Peter Norman's book places the role of clearing houses in a historical context, and explains why the financial system's plumbing matters so much. It should be read by anyone interested in building safer capital markets.""Paul Tucker, Deputy Governor Financial Stability, Bank of EnglandWe have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with The Risk Controllers: Central Counterparty Clearing in Globalised Financial Markets. To get started finding The Risk Controllers: Central Counterparty Clearing in Globalised Financial Markets, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

Special Offer | $0.00

Special Offer! | $0.00

The Risk Controllers: Central Counterparty Clearing in Globalised Financial Markets

The Risk Controllers: Central Counterparty Clearing in Globalised Financial Markets

More Books

The Peter Norman Story

The Peter Norman Story

A Race to Remember: The Peter Norman Story

A Race to Remember: The Peter Norman Story

Water Damage

Water Damage

Emberton

Emberton

Tribe of Mentors: Short Life Advice from the Best in the World

Tribe of Mentors: Short Life Advice from the Best in the World

Plumbers and Visionaries: Securities Settlement and Europe's Financial Market (The Wiley Finance Series)

Plumbers and Visionaries: Securities Settlement and Europe's Financial Market (The Wiley Finance Series)

The Mammoth Book of Best Horror Comics

The Mammoth Book of Best Horror Comics

iPhone User Guide for Senior Beginners: 3 Books in 1: 100 Essential Tips & Tricks to Master Your iPhone Fast! (Technology Guides)

iPhone User Guide for Senior Beginners: 3 Books in 1: 100 Essential Tips & Tricks to Master Your iPhone Fast! (Technology Guides)

Psychos: Serial Killers, Depraved Madmen, and the Criminally Insane

Psychos: Serial Killers, Depraved Madmen, and the Criminally Insane