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008 210830t20102011nju fo d z eng d
020 _a9780691133539
_qprint
020 _a9781400836970
_qPDF
024 7 _a10.1515/9781400836970
_2doi
035 _a(DE-B1597)9781400836970
035 _a(DE-B1597)446817
035 _a(OCoLC)979905232
040 _aDE-B1597
_beng
_cDE-B1597
_erda
050 4 _aHG4551
_b.L343 2017
072 7 _aBUS045000
_2bisacsh
082 0 4 _a332.1068
_223
084 _aonline - DeGruyter
100 1 _aLee, Ruben
_eautore
245 1 0 _aRunning the World's Markets :
_bThe Governance of Financial Infrastructure /
_cRuben Lee.
250 _aCourse Book
264 1 _aPrinceton, NJ :
_bPrinceton University Press,
_c[2010]
264 4 _c©2011
300 _a1 online resource (472 p.) :
_b25 halftones. 21 tables.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
505 0 0 _tFrontmatter --
_tContents --
_tForeword and Acknowledgments --
_tAcronyms --
_tIntroduction --
_tPart One: Background Information and Analysis --
_tChapter One. Definitions --
_tChapter Two. Market Power --
_tPart Two: Survey Evidence --
_tChapter Three. The Allocation of Regulatory Powers over Securities Markets --
_tChapter Four. Regulation and Governance of Market Infrastructure Institutions: Global Perspective --
_tChapter Five. Governance of Market Infrastructure Institutions: A Snapshot --
_tPart Three: Case Studies --
_tChapter Six. Exchanges --
_tChapter Seven. CCPs and CSDs --
_tPart Four: Policy Analysis and Recommendations --
_tChapter Eight. What Is the Most Efficient Governance Structure? --
_tChapter Nine. Who Should Regulate What? --
_tChapter Ten. How Should Market Infrastructure Institution --
_tAuthorities --
_tCases and Decisions --
_tNotes --
_tReferences --
_tContributors --
_tIndex
506 0 _arestricted access
_uhttp://purl.org/coar/access_right/c_16ec
_fonline access with authorization
_2star
520 _aThe 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.
530 _aIssued also in print.
538 _aMode of access: Internet via World Wide Web.
546 _aIn English.
588 0 _aDescription based on online resource; title from PDF title page (publisher's Web site, viewed 30. Aug 2021)
650 0 _aBusiness.
650 0 _aFinance
_xManagement.
650 0 _aFinancial institutions
_xManagement.
650 0 _aStock exchanges
_xManagement.
650 7 _aBUSINESS & ECONOMICS / Money & Monetary Policy.
_2bisacsh
653 _aCanadian Depository for Securities.
653 _aClearstream International.
653 _aDepository Trust and Clearing Corporation.
653 _aDeutsche Brse.
653 _aEuroclear.
653 _aEuropean Central Counterparty Limited.
653 _aFinancial Sector Assessment Program.
653 _aHong Kong Exchanges and Clearing.
653 _aInternational Council of Securities Associations.
653 _aInternational Organization of Securities Commissions.
653 _aLCH.Clearnet.
653 _aLondon International Financial Futures and Options Exchange.
653 _aLondon Stock Exchange.
653 _aMurakami Fund.
653 _aNASDAQ.
653 _aNew York Stock Exchange.
653 _aOsaka Securities Exchange.
653 _aWorld Federation of Exchanges.
653 _aboard composition.
653 _acash equity markets.
653 _acentral counter-parties.
653 _acentral counterparties.
653 _acentral securities depositories.
653 _acentral securities.
653 _aclearing institutions.
653 _aexchanges.
653 _afair markets.
653 _afinancial markets.
653 _afinancial regulation.
653 _agovernance model.
653 _agovernance.
653 _aharmoniztion.
653 _aindustry structure.
653 _ainfrastructure institutions.
653 _ainfrastructure.
653 _ainvestor protection.
653 _ajurisdiction.
653 _ajurisdictions.
653 _amarket infrastructure institutions.
653 _amarket infrastructure.
653 _amarket power.
653 _aownership structure.
653 _aprofit mandate.
653 _aregulatory authority.
653 _aregulatory intervention.
653 _aregulatory power allocation.
653 _aregulatory powers.
653 _asecurities markets.
653 _asettlement entities.
653 _astandardization.
653 _asystemic risk reduction.
850 _aIT-RoAPU
856 4 0 _uhttps://doi.org/10.1515/9781400836970?locatt=mode:legacy
856 4 0 _uhttps://www.degruyter.com/isbn/9781400836970
856 4 2 _3Cover
_uhttps://www.degruyter.com/cover/covers/9781400836970.jpg
942 _cEB
999 _c206296
_d206296