1.

Record Nr.

UNINA9910139643103321

Autore

Norman Peter

Titolo

The risk controllers [[electronic resource] ] : central counterparty clearing in globalised financial markets / / Peter Norman

Pubbl/distr/stampa

Chichester, West Sussex, : Wiley, 2011

ISBN

1-119-97794-0

1-119-20591-3

1-283-20452-5

9786613204523

1-119-97655-3

Edizione

[1st edition]

Descrizione fisica

1 online resource (418 p.)

Disciplina

300

332.6

Soggetti

Securities

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

pt. 1. Clearing up the crisis -- pt. 2. The road to central counterparty clearing -- pt. 3. Formative years -- pt. 4. CCPs in a decade of boom and bust -- pt. 5. New paradigms : clearing after the crisis.

Sommario/riassunto

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 exc