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Running the World's Markets – The Governance of Financial Infrastructure - Princeton Scholarship Online
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Running the World's Markets: The Governance of Financial Infrastructure

Ruben Lee


The efficiency, safety, and soundness of financial markets depend on the operation of core infrastructure—exchanges, central counter-parties, and central securities depositories. How these institutions are governed critically affects their performance. Yet, despite their importance, there is little certainty, still less a global consensus, about their governance. This book examines how markets are, and should be, run. Utilizing a wide variety of arguments and examples from throughout the world, the book identifies and evaluates the similarities and differences between exchanges, central counte ... More

Keywords: financial markets, central securities, exchanges, central counter-parties, market infrastructure, regulatory powers, regulatory intervention

Bibliographic Information

Print publication date: 2011 Print ISBN-13: 9780691133539
Published to Princeton Scholarship Online: October 2017 DOI:10.23943/princeton/9780691133539.001.0001


Affiliations are at time of print publication.

Ruben Lee, author
Oxford Finance Group