Legal Data for Banking : Business Optimisation and Regulatory Compliance.

Cover -- Title Page -- Copyright -- Contents -- Preface -- Acknowledgements -- Chapter 1 The Role of Data in a Financial Crisis -- The Financial Crisis - Looking Back -- Causes of the Financial Crisis -- Systemic Financial Contagion -- The Legal Data Consequence -- Bibliography -- Chapter 2 The Law, Legal System and Basics of Contract Law -- Legal Systems and Traditions -- Common and Civil Law Traditions -- Governing Law -- Why Does the Common Law Dominate the Financial Sector? -- The Dominance of English and New York Law for International Finance -- Contract Formation -- Offer and Acceptance -- Legal Relations -- Consideration -- Guarantees and Indemnities -- Enforceability of Contracts -- Auction Sales -- Battle of the Forms -- Principal and Agent -- Contract Law and Important Overlaps -- Tort -- Property -- Criminal -- Constitutional and Administrative Law -- Equity and Trusts -- Bibliography -- Chapter 3 Structured Finance and Financial Products - Derivatives -- Derivatives -- Uses of Derivatives -- Derivatives - Product Families -- Derivatives - Asset Classes -- Example - Interest Rate Transaction -- The XVAs -- Documentation of OTC Derivative Contracts -- Close-Out Netting -- Single Agreement Concept -- Flawed Asset Provisions -- Close-Out Mechanics -- Collateral Credit Support Arrangements -- Trade Confirmations -- Protocols -- Brief Guide to the 1992 ISDA Master Agreement (Multicurrency - Cross Border) -- Legal Agreement Data Considerations in Respect of the ISDA Master Agreement -- Bibliography -- Chapter 4 Data, Data Modelling and Governance -- What is Data? -- Unstructured vs Structured Data -- Confidentiality, Personal Data and Data Protection -- Databases -- Data Model -- Database Relationships -- Legal Data Governance -- Data Governance Roles -- Why is the Outlining of Roles so Important?.

The Relationship Between Data Governance and Regulatory Compliance -- End User Development Applications -- Contractual Taxonomies -- Why Classify and What Purpose Do Taxonomies Serve, Particularly with Regard to Legal Data? -- Bibliography -- Chapter 5 BCBS 239 - Legal Data in Risk Aggregation -- What is the Basel Committee on Banking Supervision and BCBS 239? -- The Principles -- Compliance with BCBS 239 -- Typical Implementation Issues to Achieve Compliance -- The Legal Data Requirements of BCBS 239 -- Bibliography -- Chapter 6 Capital and Netting -- What is Regulatory Capital? -- The BCBS and the Basel Accords -- Risks and Implications of Regulatory Capital Requirements -- The Legal Data Needed for Regulatory Capital Calculations -- Credit Risk Mitigation -- Netting -- Bibliography -- Chapter 7 Collateral - Enforceability, Reform and Optimisation -- What is Collateral? -- Credit Risk Mitigation -- Collateral in the OTC Derivatives Context -- Collateral vs Regulatory Capital -- Types of Collateral: Pledge vs Title Transfer -- Legal Risks Introduced by Collateralisation -- Operational Risks of Collateral -- Considerations for Selecting Appropriate Collateral -- Ideal Collateral Characteristics -- Eligible Collateral and Collateral Optimisation -- Collateral Issues -- Margin Requirements for Uncleared Derivatives -- Non-Netting Jurisdictions -- Collateral Documentation - OTC Derivatives -- Brief Guide to the 1995 English Law Credit Support Annex (Transfer - English Law) -- MR Collateral Documentation -- 2016 ISDA Credit Support Annex for Variation Margin (VM) - English Law -- IM Documentation -- 2016 Phase One Credit Support Annex for Initial Margin (IM) - New York Law -- Collateral and Legal Agreement Data -- Bibliography -- Chapter 8 CASS - Client Assets and Client Money -- The Collapse of Lehman Brothers -- FCA Enforcement of CASS.

The Current CASS Rules -- Client Money -- Client Assets -- CASS and Collateral -- CASS and Prime Brokerage -- CASS Resolution Packs -- CASS and Legal Data -- Bibliography -- Chapter 9 Liquidity Risk Management and Reporting -- Bank Liquidity -- How Much Liquidity Should be Required? -- Liquidity Coverage Ratio -- Contractual Outflows and Collateral -- High-Quality Liquid Assets -- Net Stable Funding Ratio -- OTC Derivatives and the NSFR -- Secured Financing Transactions and the NSFR -- Data and Systems Requirements -- Bibliography -- Chapter 10 Contractual Impediments - Recovery and Resolution Planning -- The Context Behind Recovery and Resolution Planning -- Recovery vs Resolution -- Normal Insolvency vs Resolution -- Main Differences Between EU and Recovery and Resolution Regimes -- Single and Multiple Point of Entry Strategies -- What Does a Recovery and Resolution Plan, a Living Will, Need to Contain? -- US Recovery Plans -- US Resolution and Recovery Plans -- EU Recovery Plans -- Data Requirements of Living Wills -- Resolution After Failure of Preventative Tools -- The BRRD A55 Contractual Recognition Requirement -- Initiatives to Assist with Article 55 BRRD Compliance -- Stay Termination Rights -- Financial Contract Record-Keeping Requirements -- The QFC Record-Keeping Rule -- Article 71(7) BRRD -- Bibliography -- Chapter 11 Document Generation/Data-Driven Contracts -- Contract Lifecycle Management -- Lifecycle of a Contract and Associated Processes -- ECM Solutions Overview -- Data-Orientated Contracts -- Further Consideration of the Benefits of Data-Orientated Contracts -- Contract Negotiation Platforms -- Standardising Contracts for Document Assembly/Generation Purposes -- Legal Agreement Data Extraction -- Optical Character Recognition -- Pre-Processing to Improve Text Recognition -- Post-Processing Steps to Improve Text Recognition.

Artificial Intelligence -- Bibliography -- Chapter 12 Smart Contracts -- What is a Smart Contract? -- Further Misunderstanding - Ricardian Contracts -- How Does a Smart Contract Work? -- Truth Tables -- Distributed Ledger Technology and Blockchain -- Centralised, Decentralised and Distributed Networks -- Transactions, Blocks, Merkle Trees and Mining -- Merkle Trees -- Consensus Algorithms -- The Byzantine General's Problem -- Blockchain Protocols -- An Alternative Future for DLT - Hashgraph? -- DLT and Smart Contracts -- Smart Contracts - Legally Binding? -- Benefits, Limits and Risks of Using Smart Contract Technology -- Legal Issues -- Operational Issues -- Learn to Walk, Before You Can Run -- Bibliography -- Chapter 13 Electronic and Digital Signatures -- Wet-Ink Signatures -- Bridging the Gap to Computational and Smart Contracts -- Distinguishing Electronic and Digital Signatures -- How Do Digital Signatures Work? -- Which Law Applies in Respect of the Formal Validity of an Electronic and/or Digitally Signed Contract? -- International Legislative Approaches to Digital Signatures -- England and Wales - Legislation Regarding Enforceability of Electronic and Digital Signatures -- Bibliography -- Appendix A -- Appendix B -- Appendix C -- Index -- EULA.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.