0
Your cart

Your cart is empty

Books > Business & Economics > Finance & accounting > Finance > Investment & securities

Buy Now

The Risk Controllers - Central Counterparty Clearing in Globalised Financial Markets (Hardcover) Loot Price: R1,249
Discovery Miles 12 490

The Risk Controllers - Central Counterparty Clearing in Globalised Financial Markets (Hardcover)

Peter Norman

 (sign in to rate)
Loot Price R1,249 Discovery Miles 12 490 | Repayment Terms: R114 pm x 12*

Bookmark and Share

Expected to ship within 10 - 15 working days

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 England

General

Imprint: John Wiley & Sons
Country of origin: United States
Release date: April 2011
First published: May 2011
Authors: Peter Norman
Dimensions: 248 x 174 x 26mm (L x W x T)
Format: Hardcover
Pages: 400
ISBN-13: 978-0-470-68632-4
Categories: Books > Business & Economics > Economics > Financial crises & disasters
Books > Business & Economics > Finance & accounting > Finance > Investment & securities > General
Books > Money & Finance > Investment & securities > General
LSN: 0-470-68632-4
Barcode: 9780470686324

Is the information for this product incomplete, wrong or inappropriate? Let us know about it.

Does this product have an incorrect or missing image? Send us a new image.

Is this product missing categories? Add more categories.

Review This Product

No reviews yet - be the first to create one!

Partners