The Derivatives Revolution: A Trapped Innovation and a Blueprint for Regulatory Reform (International Banking & Finance Law Series) (International Banking and Finance Law)

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9789041134301: The Derivatives Revolution: A Trapped Innovation and a Blueprint for Regulatory Reform (International Banking & Finance Law Series) (International Banking and Finance Law)

It is now widely recognized that an uncontrolled "derivatives revolution" triggered one of the most spectacular worst-case scenarios of modern times. This book--the most cogent legal analysis of the subject yet to appear in any language--lays bare the core role played by the failure to adequately regulate derivatives in the financial crisis of recent years. The author's insistence that derivatives must be viewed not as profit-seeking investments but as risk management tools--and his well-grounded prescriptions to ensure that they are regulated in that way-- sheds clear light on the best way for companies, financial institutions, and hedge funds to move forward in their use of these useful but highly hazardous instruments. This book clearly shows how such elements as the following fit into the legal analysis of derivatives, and how proper regulation will preserve their usefulness and economic value:

  • derivatives allow for the most efficient and cost-effective risk fractioning, hence risk taking, techniques ever conceived;
  • derivatives allow for all measurable and identifiable risks that may exist in modern finance;
  • the ability to isolate risks and insure against risk exposures is the key to the very survival of modern financial markets;
  • risk buyers effectively take on financial exposure to various types of risk while hedgers unload unwanted exposures;
  • derivatives allow domestic investors to acquire exposure to foreign markets without the necessity of dealing with foreign laws, foreign investments, currency exchange, or foreign fiscal regimes;
  • derivatives increase social welfare by making it easier and less expensive to carry out many types of financial transactions;
  • derivatives allow governments to insulate, manage, hedge or concentrate risks deriving from financial, meteorological, and even geopolitical exposure; and
  • derivatives allow radical changes to financial and risk structure to be performed silently and rapidly.

To the question: how do we ensure that a company trading derivatives is regulated effectively? this work offers a clear and convincing answer. The author's detailed recommendations for regulatory and corporate governance measures are designed to prevent excessive risk taking, the emergence of rogue traders, and ultimately the emergence of another systemic disturbance caused by chains of derivatives-related losses. Company lawyers, regulators, and other concerned parties will welcome this positive and very timely book.

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Raffaele Scalcione
Published by Kluwer Law International, Netherlands (2011)
ISBN 10: 9041134301 ISBN 13: 9789041134301
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Book Description Kluwer Law International, Netherlands, 2011. Hardback. Book Condition: New. 244 x 162 mm. Language: English . Brand New Book. It is now widely recognized that an uncontrolled "derivatives revolution" triggered one of the most spectacular worst-case scenarios of modern times. This book – the most cogent legal analysis of the subject yet to appear in any language – lays bare the core role played by the failure to adequately regulate derivatives in the financial crisis of recent years. The author’s insistence that derivatives must be viewed not as profit-seeking investments but as risk management tools – and his well-grounded prescriptions to ensure that they are regulated in that way – sheds clear light on the best way for companies, financial institutions, and hedge funds to move forward in their use of these useful but highly hazardous instruments. This book clearly shows how such elements as the following fit into the legal analysis of derivatives, and how proper regulation will preserve their usefulness and economic value: ; derivatives allow for the most efficient and cost-effective risk fractioning, hence risk taking, techniques ever conceived; derivatives allow for all measurable and identifiable risks that may exist in modern finance; the ability to isolate risks and insure against risk exposures is the key to the very survival of modern financial markets; risk buyers effectively take on financial exposure to various types of risk while hedgers unload unwanted exposures; derivatives allow domestic investors to acquire exposure to foreign markets without the necessity of dealing with foreign laws, foreign investments, currency exchange, or foreign fiscal regimes; derivatives increase social welfare by making it easier and less expensive to carry out many types of financial transactions; derivatives allow governments to insulate, manage, hedge or concentrate risks deriving from financial, meteorological, and even geopolitical exposure; and derivatives allow radical changes to financial and risk structure to be performed silently and rapidly. To the question: how do we ensure that a company trading derivatives is regulated effectively? this work offers a clear and convincing answer. The author’s detailed recommendations for regulatory and corporate governance measures are designed to prevent excessive risk taking, the emergence of rogue traders, and ultimately the emergence of another systemic disturbance caused by chains of derivatives-related losses. Bookseller Inventory # AAN9789041134301

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Raffaele Scalcione
Published by Kluwer Law International
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Book Description Kluwer Law International. Hardback. Book Condition: new. BRAND NEW, The Derivatives Revolution: A Trapped Innovation and a Blueprint for Regulatory Reform, Raffaele Scalcione. Bookseller Inventory # B9789041134301

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Raffaele Scalcione
Published by Kluwer Law International, Netherlands (2011)
ISBN 10: 9041134301 ISBN 13: 9789041134301
New Hardcover Quantity Available: 10
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Book Description Kluwer Law International, Netherlands, 2011. Hardback. Book Condition: New. 244 x 162 mm. Language: English . Brand New Book. It is now widely recognized that an uncontrolled "derivatives revolution" triggered one of the most spectacular worst-case scenarios of modern times. This book – the most cogent legal analysis of the subject yet to appear in any language – lays bare the core role played by the failure to adequately regulate derivatives in the financial crisis of recent years. The author’s insistence that derivatives must be viewed not as profit-seeking investments but as risk management tools – and his well-grounded prescriptions to ensure that they are regulated in that way – sheds clear light on the best way for companies, financial institutions, and hedge funds to move forward in their use of these useful but highly hazardous instruments. This book clearly shows how such elements as the following fit into the legal analysis of derivatives, and how proper regulation will preserve their usefulness and economic value: ; derivatives allow for the most efficient and cost-effective risk fractioning, hence risk taking, techniques ever conceived; derivatives allow for all measurable and identifiable risks that may exist in modern finance; the ability to isolate risks and insure against risk exposures is the key to the very survival of modern financial markets; risk buyers effectively take on financial exposure to various types of risk while hedgers unload unwanted exposures; derivatives allow domestic investors to acquire exposure to foreign markets without the necessity of dealing with foreign laws, foreign investments, currency exchange, or foreign fiscal regimes; derivatives increase social welfare by making it easier and less expensive to carry out many types of financial transactions; derivatives allow governments to insulate, manage, hedge or concentrate risks deriving from financial, meteorological, and even geopolitical exposure; and derivatives allow radical changes to financial and risk structure to be performed silently and rapidly. To the question: how do we ensure that a company trading derivatives is regulated effectively? this work offers a clear and convincing answer. The author’s detailed recommendations for regulatory and corporate governance measures are designed to prevent excessive risk taking, the emergence of rogue traders, and ultimately the emergence of another systemic disturbance caused by chains of derivatives-related losses. Bookseller Inventory # AAN9789041134301

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Book Description Kluwer Law International. Hardcover. Book Condition: New. 9041134301 BRAND NEW W/FAST SHIPPING! This item is: The Derivatives Revolution. A Trapped Innovation and a Blueprint for Regulatory Reform, by Raffaele Scalcione, in a Casebound format. ISBN: 9041134301. Our 98%+ rating proves our commitment! We cannot ship to PO Boxes/APO address. To avoid ordering the wrong item, please check your item's ISBN number!. Bookseller Inventory # A9789041134301

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