David Murphy is a visiting professor in practice in the Law Department at the London School of Economic and Political Science. He is a leading expert on derivatives regulation, central clearing, and prudential policy, having published extensively in these areas, and worked in both bank and central counterparty policy at national and international levels.

• Preface Introduction 1: Core Ideas in Derivatives 2: The 2008 Crisis 3: The Financial System during Covid 4: The Basel 3 Leverage Ratio 5: Risk-based Capital Regulation 6: Clearing and Collateralisation 7: Central Counterparties and their Regulation 8: Legal Perspectives on Financial Regulation 9: The Quantitative Analysis of Financial Regulation 10: Derivatives Regulation as Modelling 11: Perspectives from Social and Political Science 12: Rules and Arrangements in Derivatives Regulation

David Murphy is a visiting professor in practice in the Law Department at the London School of Economic and Political Science. He is a leading expert on derivatives regulation, central clearing, and prudential policy, having published extensively in these areas, and worked in both bank and central counterparty policy at national and international levels.

• Preface Introduction 1: Core Ideas in Derivatives 2: The 2008 Crisis 3: The Financial System during Covid 4: The Basel 3 Leverage Ratio 5: Risk-based Capital Regulation 6: Clearing and Collateralisation 7: Central Counterparties and their Regulation 8: Legal Perspectives on Financial Regulation 9: The Quantitative Analysis of Financial Regulation 10: Derivatives Regulation as Modelling 11: Perspectives from Social and Political Science 12: Rules and Arrangements in Derivatives Regulation

David Murphy is a visiting professor in practice in the Law Department at the London School of Economic and Political Science. He is a leading expert on derivatives regulation, central clearing, and prudential policy, having published extensively in these areas, and worked in both bank and central counterparty policy at national and international levels.

• Preface Introduction 1: Core Ideas in Derivatives 2: The 2008 Crisis 3: The Financial System during Covid 4: The Basel 3 Leverage Ratio 5: Risk-based Capital Regulation 6: Clearing and Collateralisation 7: Central Counterparties and their Regulation 8: Legal Perspectives on Financial Regulation 9: The Quantitative Analysis of Financial Regulation 10: Derivatives Regulation as Modelling 11: Perspectives from Social and Political Science 12: Rules and Arrangements in Derivatives Regulation