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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:
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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Book Description Kluwer Law International. Hardcover. Condition: New. 9041134301 BRAND NEW W/FAST SHIPPING! This item is: The Derivatives Revolution A Trapped Innovation and a Blueprint for Regulatory Reform. ISBN: 9789041134301. Choose Expedited for fastest shipping! Our 98%+ rating proves our commitment! We cannot ship to PO Boxes/APO address. Seller Inventory # A9789041134301
Book Description Kluwer Law International, 2011. Condition: New. book. Seller Inventory # M9041134301
Book Description Kluwer Law International, 2011. Hardcover. Condition: Brand New. 456 pages. 9.61x6.38x1.18 inches. In Stock. Seller Inventory # 9041134301