Introductory aspects on financial derivatives market: ISDA master agreement dealing with legal risk?

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Autores

Ligia Catherine Arias Barrera

Resumen

This article being the first of a serie of articles, treats the very general aspects of Financial Derivatives Market. Explains the division in Stock Excahnge and OTC Market. It is focused on the study of the main issues identified under the current financial crisis. Then, to explain the basic of the most commonly used derivatives transactions. To follow with the structure of the ISDA Master Agreement, its features regarding legal risk and the pending topics not covered.

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Article Details

Referencias

Books.

A. Hudson ed., Credit Derivatives: law, regulation and accounting issues (Sweet and Maxwell, 1999).

A. Hudson ed., Modern financial techniques and law (Kluwer Law International, 2000)

Gengatharen, R. Derivatives law and regulation (Kluwer Law International, 2001)

Green, E. U.S. Regulation of the international securities and derivatives markets. New York: Aspen Law & Business, 2002.

Henderson,S. Henderson on derivatives (Lexis Nexis, 2010)

Hull,J. Options, futurres &other derivatives ( Prentice Hall International, 2003)

McKnight, Andrew. The Law of International Finance. Oxford University Press, 2008

Oldani, C Governing global derivatives: challenges and risks (Aldershot: Ashgate, 2008)

Wood, Philip, Set-off and netting, derivatives, clearing systems (Sweet & Maxwell, 2007)

Wood, Philip. Law and Practice of International Finance. Sweet and Maxwell, 2008

PAPERS

Bank of England. "The Role of Macroprudential Policy", Discussion Paper, November 2009.

The future regulation of derivatives market: is the EU on the right track?: 10th report of session 2009-10: report with evidence / European Union Committee, 2010.

Financial Stability Paper No. 14 - March 2012. Thoughts on determining central clearing eligibility of OTC derivatives.

JOURNALS

Derivative quarterly. New York Institutional Investor.

The Journal of derivatives. New York Institutional Investor.

Journal on Derivatives and Hedge Funds.

Journal of International Banking & Financial Law/2011 Volume 26/Issue 8, September/Articles/Regulating the unregulated: the prognosis for non-financial counterparties under the European Market Infrastructure Regulation - (2011)

LEGISLATION

Dodd-Frank Wall Street Reform and Consumer Protection Act. July 21 2010.

ISDA Master Agreement. 2002.

LMA Master Agreement 2004

REPORTS

House of Lords and European Union Committee. The Future regulation of derivatives market: is the EU on the right track?: 10th report of session 2009-2010.

CONFERENCES

2011 ISDA Annual Europe Conference: Shapping the future of Derivatives. Tuesday, September 20, 2011.

LINKS

http://www.portfolio.com/views/columns/wall-street/2008/10/15/Credit-Derivatives-Role-in-Crash/.

http://www.g20pittsburghsummit.org/.

http://www.china.org.cn/business/hu_g20_apec/2010-11/12/content_21326615.htm.

http://www.bis.org/publ/cpss64.htm.

http://www.otcdrf.org/work/index.htm.

http://lexicon.ft.com/Term?term=risk-management.

http://www.riskglossary.com.

http://www2.isda.org/about-isda/.

http://www2.isda.org/news/isda-welcomes-the-english-court-of-appeals-decision-to-uphold-isda-master-agreement-in-lbie-judgment.

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