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Clearing Services for Global Markets : A Framework for the Future Development of the Clearing Industry, Hardback Book

Clearing Services for Global Markets : A Framework for the Future Development of the Clearing Industry Hardback

Description

Clearing forms the core part of a smooth and efficiently functioning financial market infrastructure.

Traditionally, it has been provided by clearing houses, most of which today act as a 'central counterparty' (CCP) between the two sides of a trade.

The rapid growth of cross-border trading has sparked discussion on the most efficient industry structure - particularly in Europe and the US.

At the heart of this discussion lies the question of whether the implementation of a single clearing house creates greater benefits than a more competitive but interlinked market structure.

This is the starting point for this book, which analyses the efficiency of clearing and clearing industry structure.

Along with clear-cut definitions and a concise characterisation and descriptive analysis of the clearing industry, the book determines the efficiency impact of various cross-border integration and harmonisation initiatives between CCPs.

This serves to identify the most preferable future structure for the clearing industry.

Information

  • Format: Hardback
  • Pages: 570 pages
  • Publisher: Cambridge University Press
  • Publication Date:
  • Category: Finance & accounting
  • ISBN: 9780521518710

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£103.00

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