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Product Description
The Post-Reform Guide to Derivatives and Futures (Wiley Finance) (9780470553718): Gordon F. Peery: Books. Derivatives law and market practice continue to change in historic ways since the Global Recession of 2008. Today there is no aspect of our financial system that evolves more dynamically than the derivatives market. Even though this market is arguably the largest and most powerful in the world, it is also the least understood. This is due to the arcane language that derivative practitioners frequently use, the complexity of these financial instruments, and the continuous evolution of the markets in which they trade. The need to understand derivatives has therefore never been greater. This text is designed to meet that need in an understandable way.Since his work in Congressional hearings years ago involving derivatives traded by Enron Corp., author Gordon F. Peery developed a specialty in the legal aspects of futures and derivatives. As a leading thinker and counselor in derivatives reform, Peery reveals how derivatives law and market practice began to change in historic ways in 2011. Engaging and informative, The Post-Reform Guide to Derivatives and Futures:Explains what derivatives and futures are, who trades them, and how this trading will be transformed at the direction of the leaders of G20 countriesIllustrates how high-profile failures over the years involving Long-Term Capital Management L.P., The Bear Stearns Companies, Inc., and Lehman Brothers Holdings Inc., compelled lawmakers to transform the OTC derivatives market into a market that resembles the futures marketProvides an anatomy of a cleared derivative, illustrating each stage in its life cycleDispels the myth that derivatives caused the 2008 market crises and explains how that myth played a role in reformPresents a panoramic historical survey of derivatives, from those used thousands of years ago to the present, and concludes with resources for monitoring today's rapidly evolving law and practiceThe Post-Reform Guide to Derivatives and Futures is the first comprehensive treatment of OTC derivatives reform that includes historical and practical reference points. It will enable readers of all experience levels to understand the evolution of post-reform derivative markets.
Shipping Weight: 2 pounds
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