Clearing and Settlement, Second Edition

Dermot Turing

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About the Book

Clearing and Settlement (originally titled: Clearing and Settlement in Europe), Second Edition comprehensively explains, both in theory and practice, the complexities of the law and regulation surrounding the processes of clearing and settlement.

Clearing and Settlement:
1. Describes what happens in clearing and settlement, and the roles of (and risks assumed by) the various participants in the post-trade marketplace.
2. Explores the law applicable to infrastructures, how they are regulated, and considers the other topographical features of their legal landscape.
3. Examines the legal and practical aspects of risk management and operations of infrastructures.
4. Looks at the risks faced by participants in payment, clearing and settlement systems – the agent banks – along with practical and operational issues which they face in their roles.

About the Author

Dermot Turing is a partner at Clifford Chance LLP specialising in bank and investment firm regulation. He has a vibrant practice advising on clearing and settlement of securities and derivatives transactions, and the associated changing legal environment. He joined Clifford Chance in 1990 after a spell in the Government Legal Service. When not puzzling over EU directives, Dermot is a keen if unsuccessful cook and gardener, and enjoys history and opera. He became a trustee of Bletchley Park in 2012, allowing him a practical outlet to his interest in World War II codebreaking. He is married with two adult sons.