Clearing and Settlement

Dermot Turing is a solicitor and former partner of lawfirm Clifford Chance, where he advised on payments, clearing and settlement for many years. He served as an independent member of the European Post Trade Forum during 2016-2017. He is now a Visiting Fellow at Kellogg College, Oxford University and contributes frequently to the academic analysis of clearing and settlement.He is also a writer, speaker and a trustee of the Turing Trust. For more information visit www.dermotturing.com

• Part I – Processes1. Introduction to Clearing and Settlement 2. What happens in Clearing and Settlement 3. Trading 4. Post-trade support services 5. Cash 6. Securities Part II – Regulation7. International regulatory standards 8. Regulation of infrastructures in the United Kingdom 9. Legal form and governance of infrastructures 10. The Clearing imperative 11. Competition 12. Prudential regulation of agent banks Part III – Risk and operations13. Insolvency 14. Failure and rehabilitation of infrastructures 15. Interoperability 16. Risk management in payment systems 17. Risk management at CCPs 18. Risk management at CSDs 19. Risk management at the agent bank 20. Dividends, corporate actions and voting rights 21. Securities lending 22. Tax

This sort of book is exactly what practitioners need to find orientation among the tsunami of regulatory developments