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Running the world's markets [[electronic resource] ] : the governance of financial infrastructure / / Ruben Lee



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Autore: Lee Ruben Visualizza persona
Titolo: Running the world's markets [[electronic resource] ] : the governance of financial infrastructure / / Ruben Lee Visualizza cluster
Pubblicazione: Princeton, : Princeton University Press, 2011
Edizione: Course Book
Descrizione fisica: 1 online resource (471 p.)
Disciplina: 332.64
Soggetto topico: Stock exchanges - Management
Financial management
Soggetto genere / forma: Electronic books.
Soggetto non controllato: Canadian Depository for Securities
Clearstream International
Depository Trust and Clearing Corporation
Deutsche Brse
Euroclear
European Central Counterparty Limited
Financial Sector Assessment Program
Hong Kong Exchanges and Clearing
International Council of Securities Associations
International Organization of Securities Commissions
LCH.Clearnet
London International Financial Futures and Options Exchange
London Stock Exchange
Murakami Fund
NASDAQ
New York Stock Exchange
Osaka Securities Exchange
World Federation of Exchanges
board composition
cash equity markets
central counter-parties
central counterparties
central securities depositories
central securities
clearing institutions
exchanges
fair markets
financial markets
financial regulation
governance model
governance
harmoniztion
industry structure
infrastructure institutions
infrastructure
investor protection
jurisdiction
jurisdictions
market infrastructure institutions
market infrastructure
market power
ownership structure
profit mandate
regulatory authority
regulatory intervention
regulatory power allocation
regulatory powers
securities markets
settlement entities
standardization
systemic risk reduction
Note generali: Description based upon print version of record.
Nota di bibliografia: Includes bibliographical references and index.
Nota di contenuto: Definitions -- Market power -- The allocation of regulatory powers over securities markets -- Regulation and governance of market infrastructure institutions : global perspective -- Governance of market infrastructure institutions : a snapshot -- Exchanges -- CCPs and CSDs -- What is the most efficient governance structure? -- Who should regulate what? -- How should market infrastructure institution governance be regulated?.
Sommario/riassunto: The efficiency, safety, and soundness of financial markets depend on the operation of core infrastructure--exchanges, central counter-parties, and central securities depositories. How these institutions are governed critically affects their performance. Yet, despite their importance, there is little certainty, still less a global consensus, about their governance. Running the World's Markets examines how markets are, and should be, run. Utilizing a wide variety of arguments and examples from throughout the world, Ruben Lee identifies and evaluates the similarities and differences between exchanges, central counter-parties, and central securities depositories. Drawing on knowledge and experience from various disciplines, including business, economics, finance, law, politics, and regulation, Lee employs a range of methodologies to tackle different goals. Conceptual analysis is used to examine theoretical issues, survey evidence to describe key aspects of how market infrastructure institutions are governed and regulated globally, and case studies to detail the particular situations and decisions at specific institutions. The combination of these approaches provides a unique and rich foundation for evaluating the complex issues raised. Lee analyzes efficient forms of governance, how regulatory powers should be allocated, and whether regulatory intervention in governance is desirable. He presents guidelines for identifying the optimal governance model for any market infrastructure institution within the context of its specific environment. Running the World's Markets provides a definitive and peerless reference for how to govern and regulate financial markets.
Titolo autorizzato: Running the world's markets  Visualizza cluster
ISBN: 1-282-96456-9
9786612964565
1-4008-3697-2
Formato: Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione: Inglese
Record Nr.: 9910460108103321
Lo trovi qui: Univ. Federico II
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