Read more
This new work is the first comprehensive source of reference on the legal and regulatory framework for financial market infrastructures covering trading and post-trading in the securities and derivatives markets.
List of contents
- Introduction
- 1: Jens-Hinrich Binder and Paolo Saguato: Financial Market Infrastructures from a Trans-Atlantic Perspectives: Mapping the Issues
- 2: Carmine di Noia and Luca Filippa: Looking for New Lenses: How Regulation Should Cope with the Financial Market Infrastructures Evolution
- 3: Chryssa Papathanassiou: A Systemic Assessment of the FMI landscape: FMI Groups and Their Implications
- 4: Paolo Saguato, Guido Ferrarini, Eric Pan: Financial Market Infrastructures: The International Approach and the Current Challenges
- 5: Ruediger Veil: Blockchain and the Future of Financial Market Infrastructures
- Part I: Trading Infrastructures
- 6: Michele Siri and Matteo Gargantini: Securities and Derivatives Exchanges in the EU
- 7: Onnig H. Dombalagian: Securities and Derivatives Exchanges in the United States
- 8: Danny Busch and Han Gulyas: Alternative Trading Platforms in the EU: Multilateral Trading Facilities, Organised Trading Facilities, and Systemic Internalizes
- 9: Gabriel Rauterberg: Alternative Trading Platforms in the United States: Incentives for Innovation in the US Stock Market
- Part II: Post-Trading Infrastructures
- 10: Victor de Serière and Bas Zebregs: Securities and Derivatives Central Counterparties in the EU: Regulatory Framework, Segregation, and Portability
- 11: Paolo Saguato: Securities and Derivatives Central Counterparties in the United States
- 12: Jens-Hinrich Binder: Central Counterparties Insolvency and Resolution in the EU
- 13: David Skeel: Central Counterparties Insolvency and Resolution in the United States: Managing a Clearinghouse Failure
- 14: Eilis Ferran and Eleanore Hickman: Central Securities Depositories in the EU: The Roles and Risks of European Central Securities Depositories
- 15: Dermot Turing: Central Securities Depositories and Participant Default in the EU
- 16: Sam Wice: Central Securities Depositories in the United States: Market Structure and Regulatory Framework
- 17: Louise Gullifer and Jennifer Payne: Intermediated Securities: The European Perspective
- 18: Charles Mooney: Intermediated Securities: The US Perspective: Pluralism in Financial Market Infrastructure Design and the Case of Securities Holding
- 19: Matthias Haentjens: Transatlantic Crossings: The Case of Securities and Derivatives
- 20: Jo Braithwaite and David Murphy: Client Clearing in the EU: Challenges and Policy Responses in OTC Derivatives Client Clearing
- 21: Nihal S. Patel: Swaps Client Clearing in the United States: Ten Years After Dodd-Frank - The Good, the Bad and the Maybe
- 22: Christian Schmies and Alexander Sajnovits: Data Reporting in the EU: Market Structures and Regulatory Framework
- 23: Richard Berner, Robin Doyle, and Kenneth Lamar: Data Reporting in the United States: Challenges and Opportunities in US Swap Data Reporting
About the author
Jens-Hinrich Binder is Professor of Law at the University of Tübingen where he is Chair in Private, Commercial, Company and Securities Law.
Paolo Saguato is an Assistant Professor of Law at Antonin Scalia Law School, George Mason University specializing in financial regulation.
Summary
This new work is the first comprehensive source of reference on the legal and regulatory framework for financial market infrastructures covering trading and post-trading in the securities and derivatives markets.
Additional text
Where the volume particularly shines is in its treatment of central counterparties. This subjectmatter is rich in complexity and nuance, especially after the profound changes wrought by Dodd-Frank in the U.S. and comparable laws in the EU. In over 150 pages of the text, the editors and their contributors provide a well-detailed and timely description of these essential segments of the financial market infrastructure.
