Global Swap Markets

This text provides a country-by-country analysis of the global swap markets. It contains chapters of developments in swap financing products and applications, market perspectives and regulatory, legal and accounting developments. Topical issues covered include: current developments in major swap currencies, BIS capital adequacy requirements and their impact, the effect of declining bank credit standing on the market, legal, taxation and accounting treatments and impliactions of the Hammersmith and Fulham litigation.