Compare Books

You have no items to compare.

Recently Viewed

Friston on Costs 3rd Edition

Home >
Law >
Banking / Finance >
Financial Law

Financial Law

Author: Joanna Benjamin
Publisher: Oxford University Press
ISBN: 9780199282937
Published In: December 2007
Format: Hardback , 712 pages
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

Out of stock

Description
Contents
Author
Reviews

Details

Draws together the traditional subjects of insurance, derivatives, commercial banking, capital markets, and asset management to create the unified subject of financial law
Comparative and functional approach enabling practitioners to draw cross-sector comparisons, manage legal risk and identify business development opportunities
Structured layout and extensive cross-referencing enhance the accessibility of the material and promotes understanding
Based on cutting edge practice and academic analysis
Covers a full range of topics including asset management and insurance

The traditional financial market sectors of insurance, commercial banking, derivatives, capital markets and asset management are converging in practice, but their analysis is still largely sector-based. This book offers a cross-sectoral, functional approach. It highlights anomalies in the different legal treatment of the respective sectors (suggesting law reform to sum, and arbitrage opportunities to others) and identifies key trends.

This book offers an integrated approach to financial law which is both useful and timely, as the markets have been converging for over two decades. Functions traditionally performed in one sector are now undertaken in another, and financial techniques are emerging which combine characteristics of different traditional transaction types. Investment banks increasingly offer new structured products in a range of alternative legal "wrappers". Securitisation, particularly in association with credit derivatives, continues to be a dominant force, drawing ever more categories of business into the capital markets.

Innovations such as these have been associated with a high level of legal risk, and the cross-sectoral freedoms offered by deregulation have not been fully exploited. This book presents financial law as a discrete branch of law, to be considered in the round; it will therefore provide the practitioner, scholar or regulator with a complete, unfragmented view of the subject.

Readership: This book is a useful reference guide for practitioners in City law firms, as well as in-house lawyers in financial institutions and regulatory authorities. Academics and students would also find this work of interest and it is suitable for undergraduate or postgraduate teaching.

Part I: Introduction

1: Terms of Reference

2: Credit Risk

Part II: Simple Financial Positions

3: Overview

4: Transaction Types

5: Comparison of Simple Financial Positions

6: Trends

Part III: Funded Positions

7: Overview

8: Options for Raising Capital

9: Managed Funds

10: Regulation of Funded Positions: 5 Points of Comparison

Part IV: Net Positions

11: Overview

12: Set off and Netting

13: Title Transfer Collateral Arrangements

14: The Rise of Net Positions

Part V: Asset backed positions

15: Overview

16: Property Rights

17: Security

18: Asset-backed Securities

19: Indirectly Held Securities

20: Financial Collateral

21: Trends

Part VI: Markets and Regulatory Projects

22: Overview

23: Market forces in financial law and regulation

24: Judges, markets and consumers

25: The arm's length regulatory project

26: The fiduciary project

27: The consumerist project

28: Conclusions

Joanna Benjamin, Reader in Law, London School of Economics; Consultant, Freshfields Bruckhaus Deringer

"Benjamin on Financial Law takes on the subject from the perspective of the international financial markets. The identification of the transfer of risk as the underlying driver gives an impressive survey a contemporary edge. The work is destined to become a classic in the field." - William Blair