Regulation and Supervision of the OTC Derivatives Market

Regulation and Supervision of the OTC Derivatives Market

Author: Ligia Catherine Arias-Barrera

Publisher: Routledge

Published: 2018-05-11

Total Pages: 280

ISBN-13: 1351797719

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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. 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. 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. It specifically focuses on prudential supervision and conduct of business rules governing OTC derivatives transactions and the move towards enhancing the use of central clearing. The resulting analysis, from a normative risk based approach, suggests that the UK regime for CCPs does not fulfil what would be expected if a coherent risk based approach was taken. Our comments on the Dodd-Frank Act highlight that the incoherent adoption of risk-based approach to regulation affects the effectiveness of the US regime for CCPs. Such a regime does not follow the pace of events of ‘innovation risk’; in particular, the foreseeable changes FinTech will bring to the OTCDM and central clearing services. The second inadequacy of the US regime concerns the dual regulatory structure of the CFTC and the SEC, and the inadequate adoption of different and not well-coordinated regulatory strategies. We also analyse the cross-border implications of the US regime for non-US CCPs that provide clearing services to US market participants. Finally, we study the negative effects of the absence of a clearly defined resolution regime for CCPs.


Book Synopsis Regulation and Supervision of the OTC Derivatives Market by : Ligia Catherine Arias-Barrera

Download or read book Regulation and Supervision of the OTC Derivatives Market written by Ligia Catherine Arias-Barrera and published by Routledge. This book was released on 2018-05-11 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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. 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. 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. It specifically focuses on prudential supervision and conduct of business rules governing OTC derivatives transactions and the move towards enhancing the use of central clearing. The resulting analysis, from a normative risk based approach, suggests that the UK regime for CCPs does not fulfil what would be expected if a coherent risk based approach was taken. Our comments on the Dodd-Frank Act highlight that the incoherent adoption of risk-based approach to regulation affects the effectiveness of the US regime for CCPs. Such a regime does not follow the pace of events of ‘innovation risk’; in particular, the foreseeable changes FinTech will bring to the OTCDM and central clearing services. The second inadequacy of the US regime concerns the dual regulatory structure of the CFTC and the SEC, and the inadequate adoption of different and not well-coordinated regulatory strategies. We also analyse the cross-border implications of the US regime for non-US CCPs that provide clearing services to US market participants. Finally, we study the negative effects of the absence of a clearly defined resolution regime for CCPs.

HL 49, HC 746 - Legislative Scrutiny: (1) Serious Crime Bill, (2) Criminal Justice and Courts Bill (Second Report) and (3) Armed Forces (Service Complaints and Financial Assistance Bill

HL 49, HC 746 - Legislative Scrutiny: (1) Serious Crime Bill, (2) Criminal Justice and Courts Bill (Second Report) and (3) Armed Forces (Service Complaints and Financial Assistance Bill

Author: The Stationery Office

Publisher: The Stationery Office

Published: 2014

Total Pages: 64

ISBN-13: 0108557278

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Recommends amendments to the Health and Social Care Bill to ensure that private (or voluntary) sector care homes which accommodate publicly-funded residents are brought within the scope of the Human Rights Act. House of Commons papers 303 2007-08.


Book Synopsis HL 49, HC 746 - Legislative Scrutiny: (1) Serious Crime Bill, (2) Criminal Justice and Courts Bill (Second Report) and (3) Armed Forces (Service Complaints and Financial Assistance Bill by : The Stationery Office

Download or read book HL 49, HC 746 - Legislative Scrutiny: (1) Serious Crime Bill, (2) Criminal Justice and Courts Bill (Second Report) and (3) Armed Forces (Service Complaints and Financial Assistance Bill written by The Stationery Office and published by The Stationery Office. This book was released on 2014 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recommends amendments to the Health and Social Care Bill to ensure that private (or voluntary) sector care homes which accommodate publicly-funded residents are brought within the scope of the Human Rights Act. House of Commons papers 303 2007-08.

Constitutional Democracy in Crisis?

Constitutional Democracy in Crisis?

Author: Mark A. Graber

Publisher: Oxford University Press

Published: 2018-08-23

Total Pages: 352

ISBN-13: 0190889004

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Is the world facing a serious threat to the protection of constitutional democracy? There is a genuine debate about the meaning of the various political events that have, for many scholars and observers, generated a feeling of deep foreboding about our collective futures all over the world. Do these events represent simply the normal ebb and flow of political possibilities, or do they instead portend a more permanent move away from constitutional democracy that had been thought triumphant after the demise of the Soviet Union in 1989? Constitutional Democracy in Crisis? addresses these questions head-on: Are the forces weakening constitutional democracy around the world general or nation-specific? Why have some major democracies seemingly not experienced these problems? How can we as scholars and citizens think clearly about the ideas of "constitutional crisis" or "constitutional degeneration"? What are the impacts of forces such as globalization, immigration, income inequality, populism, nationalism, religious sectarianism? Bringing together leading scholars to engage critically with the crises facing constitutional democracies in the 21st century, these essays diagnose the causes of the present afflictions in regimes, regions, and across the globe, believing at this stage that diagnosis is of central importance - as Abraham Lincoln said in his "House Divided" speech, "If we could first know where we are, and whither we are tending, we could then better judge what to do, and how to do it."


Book Synopsis Constitutional Democracy in Crisis? by : Mark A. Graber

Download or read book Constitutional Democracy in Crisis? written by Mark A. Graber and published by Oxford University Press. This book was released on 2018-08-23 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: Is the world facing a serious threat to the protection of constitutional democracy? There is a genuine debate about the meaning of the various political events that have, for many scholars and observers, generated a feeling of deep foreboding about our collective futures all over the world. Do these events represent simply the normal ebb and flow of political possibilities, or do they instead portend a more permanent move away from constitutional democracy that had been thought triumphant after the demise of the Soviet Union in 1989? Constitutional Democracy in Crisis? addresses these questions head-on: Are the forces weakening constitutional democracy around the world general or nation-specific? Why have some major democracies seemingly not experienced these problems? How can we as scholars and citizens think clearly about the ideas of "constitutional crisis" or "constitutional degeneration"? What are the impacts of forces such as globalization, immigration, income inequality, populism, nationalism, religious sectarianism? Bringing together leading scholars to engage critically with the crises facing constitutional democracies in the 21st century, these essays diagnose the causes of the present afflictions in regimes, regions, and across the globe, believing at this stage that diagnosis is of central importance - as Abraham Lincoln said in his "House Divided" speech, "If we could first know where we are, and whither we are tending, we could then better judge what to do, and how to do it."

Exploring Parliament

Exploring Parliament

Author: Cristina Leston-Bandeira

Publisher: Oxford University Press

Published: 2018

Total Pages: 413

ISBN-13: 0198788436

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"The only text to combine academic and practitioner perspectives with evidence based case studies to reveal what really goes on behind the scenes of Parliament. Draws on the perspectives of academics and parliamentary practitioners, to give students an authentic insight into the workings of Parliament. Provides a series of evidence-based case studies so that students can fully understand the reality of Parliament in practice. Explores the relationships between the different structures, parliamentarians and practitioners within Parliament on both a formal and an informal level, to enable student to understand the essential processes and actors." --


Book Synopsis Exploring Parliament by : Cristina Leston-Bandeira

Download or read book Exploring Parliament written by Cristina Leston-Bandeira and published by Oxford University Press. This book was released on 2018 with total page 413 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The only text to combine academic and practitioner perspectives with evidence based case studies to reveal what really goes on behind the scenes of Parliament. Draws on the perspectives of academics and parliamentary practitioners, to give students an authentic insight into the workings of Parliament. Provides a series of evidence-based case studies so that students can fully understand the reality of Parliament in practice. Explores the relationships between the different structures, parliamentarians and practitioners within Parliament on both a formal and an informal level, to enable student to understand the essential processes and actors." --

Not-for-Profit Law

Not-for-Profit Law

Author: Matthew Harding

Publisher: Cambridge University Press

Published: 2014-05-08

Total Pages: 425

ISBN-13: 1139952714

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The law and policy applicable to the not-for-profit sector is of growing importance around the world. In this book, legal experts address fundamental questions about not-for-profit law from a range of theoretical and comparative perspectives. The essays provide scholarly analysis of not-for-profit law, organised around four themes: (1) Politics, in the broader sense of living as a community, and the narrower sense of political power; (2) Charity, how it is defined and changes in its meaning over time; (3) Taxation, including the rationale for government support of the sector through the tax system; (4) Regulation, which is of increasing significance as governments establish increasingly complex forms of regulation of not-for-profit activity. The fundamental aim of the book is to deepen our understanding of not-for-profit law and of the rationales and modes of government support for the not-for-profit sector.


Book Synopsis Not-for-Profit Law by : Matthew Harding

Download or read book Not-for-Profit Law written by Matthew Harding and published by Cambridge University Press. This book was released on 2014-05-08 with total page 425 pages. Available in PDF, EPUB and Kindle. Book excerpt: The law and policy applicable to the not-for-profit sector is of growing importance around the world. In this book, legal experts address fundamental questions about not-for-profit law from a range of theoretical and comparative perspectives. The essays provide scholarly analysis of not-for-profit law, organised around four themes: (1) Politics, in the broader sense of living as a community, and the narrower sense of political power; (2) Charity, how it is defined and changes in its meaning over time; (3) Taxation, including the rationale for government support of the sector through the tax system; (4) Regulation, which is of increasing significance as governments establish increasingly complex forms of regulation of not-for-profit activity. The fundamental aim of the book is to deepen our understanding of not-for-profit law and of the rationales and modes of government support for the not-for-profit sector.

Feeding Britain

Feeding Britain

Author: Tim Lang

Publisher: Penguin UK

Published: 2020-03-26

Total Pages: 608

ISBN-13: 0241404819

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How does Britain get its food? Why is our current system at breaking point? How can we fix it before it is too late? British food has changed remarkably in the last half century. As we have become wealthier and more discerning, our food has Europeanized (pizza is children's favourite food) and internationalized (we eat the world's cuisines), yet our food culture remains fragmented, a mix of mass 'ultra-processed' substances alongside food as varied and good as anywhere else on the planet. This book takes stock of the UK food system: where it comes from, what we eat, its impact, fragilities and strengths. It is a book on the politics of food. It argues that the Brexit vote will force us to review our food system. Such an opportunity is sorely needed. After a brief frenzy of concern following the financial shock of 2008, the UK government has slumped once more into a vague hope that the food system will keep going on as before. Food, they said, just required a burst of agri-technology and more exports to pay for our massive imports. Feeding Britain argues that this and other approaches are short-sighted, against the public interest, and possibly even strategic folly. Setting a new course for UK food is no easy task but it is a process, this book urges, that needs to begin now. 'Tim Lang has performed a public service' Simon Jenkins, Sunday Times


Book Synopsis Feeding Britain by : Tim Lang

Download or read book Feeding Britain written by Tim Lang and published by Penguin UK. This book was released on 2020-03-26 with total page 608 pages. Available in PDF, EPUB and Kindle. Book excerpt: How does Britain get its food? Why is our current system at breaking point? How can we fix it before it is too late? British food has changed remarkably in the last half century. As we have become wealthier and more discerning, our food has Europeanized (pizza is children's favourite food) and internationalized (we eat the world's cuisines), yet our food culture remains fragmented, a mix of mass 'ultra-processed' substances alongside food as varied and good as anywhere else on the planet. This book takes stock of the UK food system: where it comes from, what we eat, its impact, fragilities and strengths. It is a book on the politics of food. It argues that the Brexit vote will force us to review our food system. Such an opportunity is sorely needed. After a brief frenzy of concern following the financial shock of 2008, the UK government has slumped once more into a vague hope that the food system will keep going on as before. Food, they said, just required a burst of agri-technology and more exports to pay for our massive imports. Feeding Britain argues that this and other approaches are short-sighted, against the public interest, and possibly even strategic folly. Setting a new course for UK food is no easy task but it is a process, this book urges, that needs to begin now. 'Tim Lang has performed a public service' Simon Jenkins, Sunday Times

Rulemaking by the European Commission

Rulemaking by the European Commission

Author: Carl Fredrik Bergström

Publisher: Oxford University Press

Published: 2016

Total Pages: 321

ISBN-13: 0198703236

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Examining the constitutional and procedural arrangements that enable the European Commission to adopt general and legally binding rules, this book explores how the system works in practice, subsequent to the sweeping reforms recently implemented.


Book Synopsis Rulemaking by the European Commission by : Carl Fredrik Bergström

Download or read book Rulemaking by the European Commission written by Carl Fredrik Bergström and published by Oxford University Press. This book was released on 2016 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examining the constitutional and procedural arrangements that enable the European Commission to adopt general and legally binding rules, this book explores how the system works in practice, subsequent to the sweeping reforms recently implemented.

The Office of Lord Chancellor

The Office of Lord Chancellor

Author: Diana Woodhouse

Publisher: Hart Publishing

Published: 2001-05-21

Total Pages: 233

ISBN-13: 1841130214

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This book analyses the development and current position of the Lord Chancellor in his various roles.


Book Synopsis The Office of Lord Chancellor by : Diana Woodhouse

Download or read book The Office of Lord Chancellor written by Diana Woodhouse and published by Hart Publishing. This book was released on 2001-05-21 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyses the development and current position of the Lord Chancellor in his various roles.

Media Power and Plurality

Media Power and Plurality

Author: S. Barnett

Publisher: Springer

Published: 2015-05-21

Total Pages: 189

ISBN-13: 1137522844

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While policymakers in the world reiterate the importance of protecting voice diversity, traditional media conglomerates and new social media giants make their task increasingly challenging. This book assesses the current state of policy-making on media plurality and explores novel policy ideas for funding, regulatory and structural interventions.


Book Synopsis Media Power and Plurality by : S. Barnett

Download or read book Media Power and Plurality written by S. Barnett and published by Springer. This book was released on 2015-05-21 with total page 189 pages. Available in PDF, EPUB and Kindle. Book excerpt: While policymakers in the world reiterate the importance of protecting voice diversity, traditional media conglomerates and new social media giants make their task increasingly challenging. This book assesses the current state of policy-making on media plurality and explores novel policy ideas for funding, regulatory and structural interventions.

Recall of MPs Bill

Recall of MPs Bill

Author: Great Britain: Parliament: House of Lords: Select Committee on the Constitution

Publisher:

Published: 2014-12-15

Total Pages: 8

ISBN-13: 9780108557484

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The Bill was brought from the Commons on 25 November 2014 (HL Bill 33, session 2014-15, ISBN 9780108555671)


Book Synopsis Recall of MPs Bill by : Great Britain: Parliament: House of Lords: Select Committee on the Constitution

Download or read book Recall of MPs Bill written by Great Britain: Parliament: House of Lords: Select Committee on the Constitution and published by . This book was released on 2014-12-15 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Bill was brought from the Commons on 25 November 2014 (HL Bill 33, session 2014-15, ISBN 9780108555671)