The private trade associations as a private regulator. In making financial markets more efficient and stable

      Аннотация: The current book examines the three most influential private financial organisation. All of them cover financial markets with trillions around the word. The role of the International Swaps and Derivatives Association (ISDA), the International Capital Market Association (ICMA) and the Loan Market Association (LMA) have become more important since the last global financial crisis in 2007/8 and the discussion whether or not markets should be regulated publicly or by themselves. Today, financial markets have a vital role for all market-based economies, because they influence wealth in society. Therefore, the work weighs up the advantages and the disadvantages by public and private regulation. The examination uses actual information available from the three organisations mentioned above. Moreover, current issues are discussed and the most important solutions are presented at the end.

Ключевые слова: EMEA, EMIR, ICMA, ISDA, LMA, SIFMA