Financial Market Infrastructures from a Trans-Atlantic Perspective : Mapping the Issues

This chapter introduces financial market infrastructures (FMIs), the backbone and the critical providers of essential services to modern financial markets. FMIs have been a central piece to the post-2008 global financial crisis reforms. Yet, despite the critical functions they provide in the financial system, they have been often overlooked by commentators and both the technical design of their regulatory framework and their underlying policy questions, for a long time, have gone under-theorized. Both international standard setters and, indeed, academic research into the legal and economic aspects of FMI regulation have caught up over the past few years. This Chapter provides an overview of the book and of its content