Recently, 'Clearing OTC Derivatives in Europe' was released, edited by Bas Zebregs, Victor de Seriere, Rezah Stegeman, and Patrick Pearson. This is a new issue in the Oxford EU Financial Regulation Series, published on behalf of the Financial Law Centre.
Clearing of OTC derivatives is an essential part of the financial market infrastructure, and performs a critical function catering for the need of market participants to hedge risks by using OTC derivatives. As a response to the financial crisis, central clearing has also added greater safety and transparency in the financial sector. Nevertheless, although the main risks have been addressed, they have not disappeared. Clearing OTC Derivatives in Europe provides a comprehensive and practical guide to the legal, regulatory, and operational aspects of the OTC derivatives clearing industry in Europe.