Description
Bloomsbury Publishing (UK) Clearing and Settlement by Dermot Turing
This book describes and explains:What happens in clearing and settlement and the roles of (and risks assumed by) the various participants in the post-trade marketplace;The law applicable to infrastructures how they are are regulated and the other topographical features of their legal landscape;The legal and practical aspects of risk management and operations of infrastructures; andThe risks faced by participants in payment clearing and settlement systems - the agent banks - along withpractical and operational issues which they face in their roles.Updates for the 3rd edition include:- Implications and impact of Brexit- New chapter on distributed ledger technology - cyber-security and the resilience of financial market infrastructures (FMIs) and the wider market ecosystem.