Jump to ContentJump to Main Navigation
Running the World's Markets
Users without a subscription are not able to see the full content.

Running the World's Markets: The Governance of Financial Infrastructure

Ruben Lee

Abstract

The 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. This book examines how markets are, and should be, run. Utilizing a wide variety of arguments and examples from throughout the world, the book identifies and evaluates the similarities and differences between exchanges, central counte ... More

Keywords: financial markets, central securities, exchanges, central counter-parties, market infrastructure, regulatory powers, regulatory intervention

Bibliographic Information

Print publication date: 2011 Print ISBN-13: 9780691133539
Published to University Press Scholarship Online: October 2017 DOI:10.23943/princeton/9780691133539.001.0001

Authors

Affiliations are at time of print publication.

Ruben Lee, author
Oxford Finance Group