This book analyses the regulatory response of the United Kingdom and the United States, the two largest centres of OTC derivatives transactions, and highlights their shortcomings
CCLS alumna Ligia Catherine Arias-Barrera has published her book Regulation and Supervision of the OTC Derivatives Market (Routledge).
Ligia Catherine studied at CCLS for an Commercial and Corporate Law LLM in 2010/11 and was awarded a PhD in Law by the University of Warwick in 2016.
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 fulfill what would be expected if a coherent risk based approach was taken