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Financial Exchanges and Central Counterparties

A Comparative Global Analysis of Form and Governance

Financial Exchanges and Central Counterparties cover

Financial Exchanges and Central Counterparties

A Comparative Global Analysis of Form and Governance

Quantity
Pre-order. Available 22 Jul 2027
£90.00 RRP £100.00 Website price saving £10.00 (10%)

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Description

This book provides a global survey of the different forms in which financial market infrastructures are organised, uncovering the advantages and disadvantages of the club, utility and equity-owned corporation.

Financial market infrastructures are organised in quite disparate ways - some as user-operated clubs, some as public utilities, and some as shareholder owned companies. They also have a wide variety of stakeholders whose needs are often in conflict.

Financial Exchanges and Central Counterparties analyses the evolution of financial market infrastructures, related governance arrangements, and legal and regulatory environments in major financial jurisdictions world-wide. It provides a comprehensive assessment of similarities and differences in ownership structures, as well as of the legal and economic problems they pose.

Table of Contents

1. Introduction, Jens-Hinrich Binder (University of Tübingen, Germany) and David Murphy (London School of Economics and Political Science, UK)
2. Trading venues: Governance as a problem – governance as a solution?, Jens-Hinrich Binder (University of Tübingen, Germany)
3. From Corporate Governance to Clearing House Governance: Theory, Practice and Regulation, David Murphy (London School of Economics and Political Science)
4. The United States, Paolo Saguato and Alec Snell (George Mason University, USA)
5. The United Kingdom, Eleanore Hickman (University of Bristol, UK)
6. Germany, Jens-Hinrich Binder (University of Tübingen, Germany)
7. Italy, Paola Fico and Davide Trasciatti (Euronext, Italy)
8. The Netherlands, Victor de Serière (Radboud University of Nijmegen, the Netherlands)
9. Hungary, Kata Váradi and Csilla Szanyi (Corvinus University, Hungary)
10. Japan, Gen Goto (University of Tokyo, Japan) and Toshihiko Sato (Japan Securities Clearing Corporation=
11. Conclusions and Policy Analysis, Jens-Hinrich Binder (University of Tübingen, Germany) and David Murphy (London School of Economics and Political Science, UK)

Product details

Published 22 Jul 2027
Format Hardback
Edition 1st
Pages 320
ISBN 9781509989508
Imprint Hart Publishing
Dimensions 234 x 156 mm
Series Hart Studies in Commercial and Financial Law
Publisher Bloomsbury Publishing

About the contributors

Anthology Editor

Jens-Hinrich Binder

Jens-Hinrich Binder is Professor of Law at the Unv…

Anthology Editor

David Murphy

David Murphy is Visiting Professor in Practice, La…

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