The Risk Controllers PDF ePub eBook

Books Info:

The Risk Controllers free pdf 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

About Peter Norman

Peter Norman is a London-based journalist and writer. The Risk Controllers: Central Counterparty Clearing in Globalised Financial Markets is his second book explaining the workings and history of an important financial infrastructure. Plumbers and Visionaries: Securities Settlement and Europe's Financial Market, his path-breaking account of the history and prospects of the securities settlement industry in Europe, was published by John Wiley

Details Book

Author : Peter Norman
Publisher : John Wiley
Data Published : 02 September 2015
ISBN : 1119205913
EAN : 9781119205913
Format Book : PDF, Epub, DOCx, TXT
Number of Pages : 416 pages
Age + : 15 years
Language : English
Rating :

Reviews The Risk Controllers



17 Comments Add a comment




Related eBooks Download


  • Clearing the Bases free pdfClearing the Bases

    Clearing the Bases is a much-needed call to arms by one of baseball's most respected players. Drawing on his experiences as a third baseman. a manager. and. most recently. a fan. Mike Schmidt takes on everything from skyrocketing payrolls..


  • Chakra Clearing  free pdfChakra Clearing

    Chakra Clearing is a unique experiential guide to activating your natural spiritual powers of psychic and spiritual healing through the opening. cleansing. and balancing of the body's energy centres (chakras)..


  • Grounding  free pdfGrounding

    Grounding or Clearing yourself before performing Healing and Meditation removes negative energy and thoughts. If you do not have your own method for Grounding or Clearing..


  • Financial Institutions and Markets free pdfFinancial Institutions and Markets

    This edition focuses on Australia's financial system. It examines the financial system's three main functions - settlement. flow-of-funds and risk transfer - and provides a clear and comprehensive integrated account of the activities of Australia's financial institutions and markets..


  • Financial Markets, Institutions and Money   Global Financial Crisis Supplem ... free pdfFinancial Markets, Institutions and Money Global Financial Crisis Supplem ...

    Now with a supplement: The Global Financial Crisis: Implications for Australasian Business by John Forster. This work outlines how and why the crisis happened and explores its impact on Australasian organisations and business practices..


  • The Risk Controllers free pdfThe Risk Controllers

    Websites For Free Books. 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 bankru