Collateral Markets and Financial Plumbing (3rd edition)

Monetising assets and collateral management has never been more important.

Policy makers are recognising this and paying increased attention to complex market plumbing, which is essential to grasp in order to better understand monetary policy, leverage as well as the shadow banking world.

Fully revised and completely updated Collateral Markets and Financial Plumbing, written by a global expert in collateral and financial markets infrastructure, Manmohan Singh, is now in its third edition. This bestselling book expands on the present thinking, shedding new light on the basic legal underpinnings of financial collateral, its sources and the key players in the markets. Singh also examines how the size of this market is relevant from a macroeconomic and monetary perspective.

“Few understand the intricacies and impact of global collateral flows as Manmohan does!  He offers a practical understanding of the role of collateral in supporting financial activity and provides provocative viewpoints which will encourage discussion”.  

Sandie O’Connor, Former Chief Regulatory Affairs Officer, JPMorgan Chase 

“Manmohan Singh has established himself as leading expert on how collateral availability affects the financial system and the economy. As collateral and repo market topics have continued to evolve rapidly over the last years, a new edition of his book was much warranted.”

Ulrich Bindseil, Director General of Market Infrastructure and Payments, ECB

“This book provides an authoritative overview of the plumbing of financial markets, with a discussion of broader financial stability and macroeconomic implications. It is a worthy reference for policy makers, practitioners, and students.”

Tobias Adrian, Financial Counsellor and Director of the Monetary and Capital Markets Department, International Monetary Fund

“Manmohan is one of a small number of global experts in this area. He is about the only authoritative source that doesn’t work for one of the major financial institutions and hence can provide an unbiased perspective on some controversial issues.”

Guy Debelle, Deputy Governor of the Reserve Bank of Australia