Capital Markets Derivatives and the Law

Author: Alan N. Rechtschaffen
Publisher: Oxford University Press, USA
ISBN: 9780199971541
Release Date: 2014
Genre: Business & Economics

In today's financial world overwhelmed by capital market upheaval, it is important to understand the intricacies of new regulation, and individuals must have a strong foundation in how capital markets function, as well as how financial instruments and derivatives work. Capital Markets, Derivatives, and the Law provides readers with the foundation necessary to make informed, well-reasoned decisions about capital market participation, derivative utilization, and adherence to existing and future regulations. This publication is an essential guide for attorneys and business professionals seeking an accessible resource to better comprehend the legal and business considerations of capital markets and derivatives transactions, while offering expert insight into how derivatives work. In this book, Alan N. Rechtschaffen explores the structures of derivatives as well as how they are regulated and litigated. In addition, he provides useful definitions, case law examples, and insight into structures, regulation, and litigation strategies. This Second Edition analyzes the state of the capital markets from the perspective of the acute crisis back in 2008 to the present evolution, providing the reader with the tools to recognize vulnerabilities in capital market trading activities that existed before the crisis, and those that face our global economy now, and into the future.

Handbook of Corporate Equity Derivatives and Equity Capital Markets

Author: Juan Ramirez
Publisher: John Wiley & Sons
ISBN: 9781119950776
Release Date: 2011-09-07
Genre: Business & Economics

Equity strategies are closely guarded secrets and as such, there is very little written about how investors and corporate can utilise equity vehicles as part of their growth strategies. In this much-needed book, industry expert Juan Ramiraz guides readers through the whole range of equity derivative instruments, showing how they can be applied to a range of equity capital market situations, including hedging, yield enhancement and disposal of strategic stakes, mergers and acquisitions, stock options plan hedging, equity financings, share buybacks and other transactions on treasury shares, bank regulatory capital arbitrage and tax driven situations. The book includes case studies to highlight how equity derivative strategies have been used in real-life situations.

China s Capital Markets

Author: Yong Zhen
Publisher: Elsevier
ISBN: 9781780633602
Release Date: 2013-10-17
Genre: Business & Economics

Capital markets in China include stock, bond, futures and other derivatives, as well as the private equity market. China’s Capital Markets is the first book to systematically study China’s capital markets, examining its evolution, policies, reforms, current situation and challenges. Following an introduction to China’s capital markets and economic growth, the book moves on to cover further capital markets in China, including: the banking system, mergers and acquisitions, and valuation adjustment mechanisms, before concluding with a discussion of the opening up and internationalization of China’s capital markets. Provides an overall picture of China's capital markets including: policy analysis; case studies; investor strategies and behaviours; and suggestions for success in the markets Offers diverse perspectives, using rich data and analysis This is the first book to systematically study China’s capital markets

Capital Markets in India

Author: Rajesh Chakrabarti
Publisher: SAGE Publishing India
ISBN: 9789351509479
Release Date: 2010-11-10
Genre: Business & Economics

This book provides a comprehensive picture of the recent trends and developments in the Indian finance scenario. It provides the reader with: " A comprehensive description and assessment of the Indian capital markets " An analytical approach together with a description of major recent developments and the current status of the finance sector The collection deals with issues like brokerage, security analysis, and underwriting, as well as the legal infrastructure of the markets. It focuses primarily on the Indian stock markets, corporate bond markets and derivatives markets. It also looks at the importance of asset management companies such as those involved with mutual funds, pension funds and venture capital funds to gain a better understanding of the asset management industry in India. This volume has a distinctive and eclectic author list that includes academicians, a prominent corporate lawyer from India, top executives from the leading stock exchange in India, and the head of a key private investment research company, all of whom represent the best in their respective fields.

Banking and Capital Markets Companion

Author: Colin Paul
Publisher: Bloomsbury Professional
ISBN: 1780434928
Release Date: 2014-09-30
Genre: Law

Banking and Capital Markets Companion, 6th edition provides a clear and concise examination of the law, practice and procedure of fund raising in the banking and capital markets. It covers loans, debt securities, derivatives and security for debt using graphics, flowcharts, bullets and summaries to present the subject in an analytical format that is easy to read and recall. It is based on industry standard materials of the Loan Market Association, the International Capital Markets Association, the International Swaps and Derivatives Association and the British Bankers Association and the new edition has been comprehensively revised and updated to take account of new legislation, regulation and case law. There has been considerable change in this area of law since the last edition published. The book is updated to reflect the LIBOR (London Interbank Offered Rate) practice and sovereign debt short selling restrictions and significant case law on Marshalling and ISDA Master Agreements. The tax section is updated to take account of the 2011, 2012, 2013 and 2014 Finance Acts. Legislation and case law includes: . Financial Services Act 2012 setting up the new UK financial structure; . 2011, 2012, 2013 and 2014 Finance Acts; . Capital Requirement Directives 3 and 4; . Regulation on derivative market infrastructure (EMIR); . Short Selling Regulation; . Amendments of Prospectus Directive, Financial Collateral Arrangements, Credit agencies regulations, regulation of restrictions on selling of securities - resulting in UK orders amending domestic law. Contents: 1. Debt Finance; 2. Basics; 3. Banking; 4. Loans; 5. Debt Securities; 6. Collateral and guarantees; 7. Derivatives; 8. Opinions; 9. Sovereign Debt; 10. Taxation. Banking and Capital Markets Companion is a much-needed guide for postgraduates studying for their MA, LLM or LPC. It is also an excellent single-volume reference guide for all banking executives, practitioners and newly qualified lawyers seeking a quick answer, or a starting point for in-depth research, on a particular aspect of the subject. Previous print edition ISBN:9781847663085

The Dictionary of Derivatives

Author: Andrew Inglis-Taylor
Publisher: Springer
ISBN: 9781349135868
Release Date: 1995-03-20
Genre: Business & Economics

The derivatives market has been the fastest growing area of financial activity in the past few years. The pace of product development is fast, with a myriad of new hybrids being developed every year. This best-selling text is ordered in dictionary format, taking each financial instrument, market or related concept and giving an analysis together with diagrams where applicable. It also includes a comprehensive listing of contracts available on the major exchanges. Crucially, tax and accounting guidelines are included, and all appropriate legal documentation, such as the ISDA master agreement on swaps is reproduced in full.

Regulation and Supervision of the OTC Derivatives Market

Author: Ligia Catherine Arias-Barrera
Publisher: Routledge
ISBN: 9781351797719
Release Date: 2018-05-11
Genre: Business & Economics

The over-the-counter (OTC) derivatives market has captured the attention of regulators after the Global Financial Crisis due to the risk it poses to financial stability. Under the post-crisis regulatory reform the concentration of business, and risks, among a few major players is changed by the concentration of a large portion of transactions in the new market infrastructures, the Central Counterparties (CCPs). ? This book, for the first time, analyses the regulatory response of the United Kingdom and the United States, the two?largest centres of OTC derivatives transactions, and highlights their shortcomings. The book uses a normative risk-based approach to regulation as a methodological lens to analyse the UK regime of CCPs in the OTC derivatives market. It specifically focuses on prudential supervision and conduct of business rules governing OTC derivatives transactions and the move towards enhancing the use of central clearing. The resulting analysis, from a normative risk based approach, suggests that the UK regime for CCPs does not fulfil what would be expected if a coherent risk based approach was taken. ? Our comments on the Dodd-Frank Act highlight that the incoherent adoption of risk-based approach to regulation affects the effectiveness of the US regime for CCPs. Such a regime does not follow the pace of events of ‘innovation risk’; in particular, the foreseeable changes FinTech will bring to the OTCDM and central clearing services. The second inadequacy of the US regime concerns the dual regulatory structure of the CFTC and the SEC, and the inadequate adoption of different and not well-coordinated regulatory strategies. We also analyse the cross-border implications of the US regime for non-US CCPs that provide clearing services to US market participants. Finally, we study the negative effects of the absence of a clearly defined resolution regime for CCPs.

Financial Law

Author: Joanna Benjamin
Publisher: Oceana Publications
ISBN: 0199282935
Release Date: 2007
Genre: Law

The traditional financial market sectors of insurance, commercial banking, derivatives, capital markets and asset management are converging in practice, but their analysis is still largely sector-based. Financial Law offers a cross-sectoral, functional approach. It highlights anomalies in the different legal treatment of the respective sectors (suggesting law reform to some, and arbitrage opportunities to others) and identifies key trends. This book offers an integrated approach to financial law which is both useful and timely, as the markets have been converging for over two decades. Functions traditionally performed in one sector are now undertaken in another, and financial techniques are emerging which combine characteristics of different traditional transaction types. Investment banks increasingly offer new structured products in a range of alternative legal "wrappers." Securitization--particularly in association with credit derivatives--continues to be a dominant force, drawing ever more categories of business into the capital markets. Innovations such as these have been associated with a high level of legal risk, and the cross-sectoral freedoms offered by deregulation have not been fully exploited. This book presents financial law as a discrete branch of law, to be considered in the round; it will therefore provide the practitioner, scholar or regulator with a complete, unfragmented view of the subject.

Equity Derivatives

ISBN: STANFORD:36105134436539
Release Date: 2009-01-01
Genre: Business enterprises

This accessible nwe title explains each type of transaction, together with the documentation involved. In particular, the book analyses and guides the reader through the full suite of OTC, exchange-traded and structured equity derivative documentation, and provides a detailed guide to the 2002 ISDA Equity Derivatives Definitions. The book further contains detailed analysis of the regulatory issues affecting equity derivative products in the United Kingdom, France, Germany, Italy, Spain and the United States, and covers tax issues arising in the United Kingdom and United States.

International Capital Markets

Author: Cally Jordan
Publisher: OUP Oxford
ISBN: 0199671117
Release Date: 2014-03
Genre: Law

This accessible work provides critical analysis and explains in context the practice and operation of the international capital markets, their regulation and their institutions

The Law and Practice of International Capital Markets

Author: Geoffrey Fuller
ISBN: 040694881X
Release Date: 2007
Genre: Capital market

This title offers comprehensive coverage of the key areas within capital markets including securitisation, derivatives, guarantees, due diligence and warrants. It provides a practical and accessible approach to the subject along with a clause by clause analysis of key documents and structures.

Swiss Finance

Author: Henri B. Meier
Publisher: John Wiley & Sons
ISBN: 9781118238530
Release Date: 2012-10-01
Genre: Business & Economics

A timely guide to the complex financial markets and banking secrecy of Switzerland Since 1934, when Switzerland's federal bank secrecy law was passed, the line between myth and reality with regard to Swiss banking has been blurred. But over the past decade, there have been dramatic changes in the pressures brought to bear on all facets of the Swiss financial markets and banking sector. Recent developments and agreements have potentially weakened Swiss banking secrecy, and with that said, it is time for a book that lays out the history of Swiss bank secrecy and puts these twenty-first century changes in perspective. Swiss Finance is a thorough overview of the Swiss financial markets and the banking secrecy this country has become known for. It covers key topics to practitioners both abroad and in the United States involved in Swiss banking and the Swiss financial markets. Discusses what the Euro-debt crisis may mean for the role of Switzerland as a financial powerhouse Reveals how new secrecy agreements with the United States and Germany will impact private wealth management Addresses Asian competition for wealth management and tax havens Switzerland is one of the largest financial markets in the world and a global power in private wealth administration. Whether you're a private wealth advisor, Swiss or U.S. banker, or other finance practitioner involved in the Swiss market, this guide is essential reading if you intend on achieving future success in this arena.


Author: John-Peter Castagnino
Publisher: Oxford University Press, USA
ISBN: 0199556369
Release Date: 2009
Genre: Law

This book is a practical introduction to derivatives offering a clear explanation of both the main derivative products and the related legal, regulatory and tax issues. By addressing both aspects of the subject, this work occupies the centre ground between pure economics and pure law. It is an accessible guide that bridges the gap between the different approaches of finance professionals and legal practitioners towards derivatives. The thirdedition includes a new discussion of the retail offer of derivatives, and discusses a greater number of derivative products (including CPPI structures, derivatives used as financing tools, power trading, emissions trading, multi-asset derivatives, fund-linked derivatives, derivatives based on"computed data", and the different wrappers" in which derivative exposures are made available). It provides greatly expanded discussion of the ISDA documents used in the over-the-counter (OTC) market and looks in more detail at the duty of care (selling and misselling, including the recent decision in the "Springwell" litigation).