TY  - BOOK
AU  - Lee,Ruben
TI  - Running the World's Markets: The Governance of Financial Infrastructure 
SN  - 9780691133539
AV  - HG4551 .L343 2017
U1  - 332.1068 23
PY  - 2010///]
CY  - Princeton, NJ : 
PB  - Princeton University Press, 
KW  - Business
KW  - Finance
KW  - Management
KW  - Financial institutions
KW  - Stock exchanges
KW  - BUSINESS & ECONOMICS / Money & Monetary Policy
KW  - bisacsh
KW  - Canadian Depository for Securities
KW  - Clearstream International
KW  - Depository Trust and Clearing Corporation
KW  - Deutsche Brse
KW  - Euroclear
KW  - European Central Counterparty Limited
KW  - Financial Sector Assessment Program
KW  - Hong Kong Exchanges and Clearing
KW  - International Council of Securities Associations
KW  - International Organization of Securities Commissions
KW  - LCH.Clearnet
KW  - London International Financial Futures and Options Exchange
KW  - London Stock Exchange
KW  - Murakami Fund
KW  - NASDAQ
KW  - New York Stock Exchange
KW  - Osaka Securities Exchange
KW  - World Federation of Exchanges
KW  - board composition
KW  - cash equity markets
KW  - central counter-parties
KW  - central counterparties
KW  - central securities depositories
KW  - central securities
KW  - clearing institutions
KW  - exchanges
KW  - fair markets
KW  - financial markets
KW  - financial regulation
KW  - governance model
KW  - governance
KW  - harmoniztion
KW  - industry structure
KW  - infrastructure institutions
KW  - infrastructure
KW  - investor protection
KW  - jurisdiction
KW  - jurisdictions
KW  - market infrastructure institutions
KW  - market infrastructure
KW  - market power
KW  - ownership structure
KW  - profit mandate
KW  - regulatory authority
KW  - regulatory intervention
KW  - regulatory power allocation
KW  - regulatory powers
KW  - securities markets
KW  - settlement entities
KW  - standardization
KW  - systemic risk reduction
N1  - Frontmatter --; Contents --; Foreword and Acknowledgments --; Acronyms --; Introduction --; Part One: Background Information and Analysis --; Chapter One. Definitions --; Chapter Two. Market Power --; Part Two: Survey Evidence --; Chapter Three. The Allocation of Regulatory Powers over Securities Markets --; Chapter Four. Regulation and Governance of Market Infrastructure Institutions: Global Perspective --; Chapter Five. Governance of Market Infrastructure Institutions: A Snapshot --; Part Three: Case Studies --; Chapter Six. Exchanges --; Chapter Seven. CCPs and CSDs --; Part Four: Policy Analysis and Recommendations --; Chapter Eight. What Is the Most Efficient Governance Structure? --; Chapter Nine. Who Should Regulate What? --; Chapter Ten. How Should Market Infrastructure Institution --; Authorities --; Cases and Decisions --; Notes --; References --; Contributors --; Index; restricted access; Issued also in print
N2  - 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
UR  - https://doi.org/10.1515/9781400836970?locatt=mode:legacy
UR  - https://www.degruyter.com/isbn/9781400836970
UR  - https://www.degruyter.com/cover/covers/9781400836970.jpg
ER  -