Balmer A. Regulating Financial Derivatives: Clearing and Central Counterparties

Edward Elgar Publishing, 2018. — 242 p. — (Elgar Financial Law series). — ISBN: 978-1-78811-191-1.This book puts forward a holistic approach to post-crisis derivatives regulation, providing insight into how new regulation has dealt with the risk that OTC derivatives pose to financial stability. It discusses the implications that post crisis regulation has had on central counterparties and the risk associated with clearing of OTC derivatives. The author offers a novel solution to tackle the potential negative externalities from the failure of a central counterparty and identifies potential new risks arising from post crisis reforms.True PDF