Book description
An in-depth look at the best ways to navigate the post-reform world
of derivatives and futures
The derivatives market is one of the largest, and most important
financial markets in the world. It's also one of the least understood.
Today we are witnessing the unprecedented reform and reshaping of this
market, and along with these events, the entire life cycle of a
derivatives transaction has been affected. Accordingly, nearly all
market participants in the modern economy need to view the handling of
risk by derivatives in a very different way.
Many aspects of financial services reform are based on a belief that
derivatives caused the Great Recession of 2008. While the difficulties
we now face cannot be blamed solely on derivatives, the need to
understand this market, and the financial products that trade within
it, has never been greater. The Post-Reform Guide to Derivatives
and Futures provides straightforward descriptions of these
important investment products, the market in which they trade, and the
law that now, after July 16, 2011, governs their use in America and
creates challenges for investors throughout the world. Author Gordon
Peery is an attorney who works exclusively in the derivatives markets
and specializes in derivatives and futures reform and market
structure. Since representing clients in Congressional hearings
involving Enron Corp., he has developed extensive experience in this
field. With this guide, he reveals how derivatives law, and market
practice throughout the world, began to change in historic ways
beginning in 2011, and what you must do to keep up with these changes.
- Explains what derivatives and futures are, who trades them, and
what must be done to manage risk in the post reform world
- Accurately reflects the futures and derivatives markets as they
exist today and how they will be transformed by the Dodd-Frank
Wall Street Reform and Consumer Protection Act
- Highlights the risks and common disputes regarding derivatives
and futures, and offers recommendations for best practices in
light of the evolving law governing derivatives
The financial crisis has changed the rules of Wall Street, especially
when it comes to derivatives and futures. The Post-Reform Guide to
Derivatives and Futures will help you navigate this evolving
field and put you in a better position to make the most informed
decisions within it.
Gordon F. Peery has lectured in London, Hong Kong,
Toronto, Brunei, Kuala Lumpur, and the United States on the 2008
market crises and derivatives reform. Since representing a leading
investment bank in televised Enron hearings in Congress, Mr. Peery
developed a global legal practice exclusively devoted to derivatives
and futures clients. In his seventeenth year in large firm legal
practice, Mr. Peery is a partner who counsels governments, sovereign
wealth funds, international investment advisors, states, counties,
global investment management clients, funds, managed accounts, real
estate firms, energy companies, and individuals as a leader within the
Derivatives and Structured Products Practice of K&L Gates LLP, one
of the world's largest law firms. Mr. Peery has actively contributed
to International Swaps and Derivatives Association, Inc. (ISDA) and
the Futures Industry Association (FIA) working groups and has taught
for ISDA. He has helped shape the next generation of derivatives and
futures documentation and has authored or coauthored over thirty
articles on derivatives and futures. He holds degrees from Vanderbilt
Law School (JD, recipient of the endowed Bennett Douglas Bell Memorial
Award) and the University of Southern California, where he graduated
with a double-major, magna cum laude, as a member of Phi Beta Kappa.
