Clearing forms the core part of a smooth and efficiently functioning financial market infrastructure. Traditionally, it has been provided by clearing houses, most of which today act as a 'central counterparty' (CCP) between the two sides of a trade. The rapid growth of cross-border trading has sparked discussion on the most efficient industry structure - particularly in Europe and the US. At the heart of this discussion lies the question of whether the implementation of a single clearing house creates greater benefits than a more competitive but interlinked market structure. This is the starting point for this book, which analyses the efficiency of clearing and clearing industry structure. Along with clear-cut definitions and a concise characterisation and descriptive analysis of the clearing industry, the book determines the efficiency impact of various cross-border integration and harmonisation initiatives between CCPs. This serves to identify the most preferable future structure for the clearing industry.
The financial services revolution has become a part of modern economics. Intense competition and struggles for advantage in world markets are the signs of revolutionary change. Michael Moran's book breaks new ground by examining the politics of that revolution. Moran compares the struggles between private interests and public agencies in three great world financial centres - New York, London and Tokyo. He shows how revolutionary change has depended on state intervention, and how the outcomes of revolution have been shaped by different state structures. The book will be required reading for any observer of financial markets and for those concerned with the state's role as a manager of economic change.
<b>Indispensable coverage of new federal regulatory reforms and federal financial issues <p>An essential guide covering new federal regulatory reforms and federal financial issues</b><p> <i>Financial Institutions, Valuations, Mergers and Acquisitions, Third Edition</i> presents a new regulatory framework for financial institutions in the post-bailout era. <ul><li>Provides valuable guidance to assess risks, measure performance and conduct valuations processes to create shareholder value <li>Covers the protection of other stakeholders, including customers, regulators, government, and consumers <li>Offers an up-to-date understanding of financial institutions, their challenges, and their opportunities in the post-Sarbanes-Oxley era</ul><p> Over the past decade, substantial changes have taken place in the structure and range of products and services provided by the financial services industry. Get current coverage of these changes that have transformed both traditional organizations such as banks, thrifts, and insurance companies, as well as securities providers, asset management companies and financial holding companies with the up-to-the-minute coverage found in Financial Institutions, Valuations, Mergers and Acquisitions, Third Edition.
Energy production and supply, as well as sourcing and consumption, are becoming evermore important in a volatile world. In this book, attention is paid to prevalent energy issues from a finance perspective. The topics discussed cover markets, prices, regulations and firms. An international group of authors from both academia and energy practice provides in twelve chapters a state of the art of the energy markets in a finance environment. They do so by discussing the current knowledge and presenting empirical research in this quickly changing and developing field. This book is the first in a planned series on energy at a high scientific level organized by the Centre for Energy and Value Issues (CEVI).
The evidence-based strategies in this volume close the achievement gap among students from all sociological backgrounds. Designed according to local needs assessments, they provide the services, programs, initiatives, and relationships that are crucial for children's success in school and life.
These practices and programs include afterschool and summer sessions, early-childhood education, school-linked health and mental health services, family engagement, and youth leadership opportunities. This book addresses the policy and funding requirements that help these partnerships thrive and offers effective counterarguments against those who would question their value. The text describes strategies that work in both rural and urban contexts and includes a chapter evaluating school-community partnerships across the world. Because it involves collaborations across professions and organizations, the book's interdisciplinary approach will appeal to those in social work, education, psychology, public health, counseling, nursing, and public policy.
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