It''s common knowledge that the Enigma cipher was broken at Bletchley Park, but less is known of the background: an exhilarating spy story of secret documents smuggled across borders, hair-raising escapes, Gestapo interrogations and betrayals.At the heart of it is the decisive role of Polish mathematicians and French spymasters who helped Britain''s codebreakers change the course of the Second World War. X, Y & Z is the real story of how Enigma was broken.

It’s common knowledge that the Enigma cipher was broken at Bletchley Park, but less is known of the background: an exhilarating spy story of secret documents smuggled across borders, hair-raising escapes, Gestapo interrogations and betrayals.At the heart of it is the decisive role of Polish mathematicians and French spymasters who helped Britain’s codebreakers change the course of the Second World War. X, Y & Z is the real story of how Enigma was broken.

Alan Turing was an extraordinary man who crammed into his 42 years the careers of mathematician, codebreaker, computer scientist and biologist. He is widely regarded as a war hero grossly mistreated by his unappreciative country, and it has become hard to disentangle the real man from the story. Now Dermot Turing has taken a fresh look at the influences on his uncle’s life and creativity, and the creation of a legend. He discloses the real character behind the cipher-text, answering questions that help the man emerge from his legacy: how did Alan’s childhood experiences influence him? How did his creative ideas evolve? Was he really a solitary genius? What was his wartime work after 1942, and what of the Enigma story? What is the truth about the conviction for gross indecency, and did he commit suicide? In Alan Turing Decoded, Dermot’s vibrant and entertaining approach to the life and work of a true genius makes this a fascinating and authoritative read.

Alan Turing was an extraordinary man who crammed into his 42 years the careers of mathematician, codebreaker, computer scientist and biologist. He is widely regarded as a war hero grossly mistreated by his unappreciative country, and it has become hard to disentangle the real man from the story. Now Dermot Turing has taken a fresh look at the influences on his uncle''s life and creativity, and the creation of a legend. He discloses the real character behind the cipher-text, answering questions that help the man emerge from his legacy: how did Alan''s childhood experiences influence him? How did his creative ideas evolve? Was he really a solitary genius? What was his wartime work after 1942, and what of the Enigma story? What is the truth about the conviction for gross indecency, and did he commit suicide? In Alan Turing Decoded, Dermot''s vibrant and entertaining approach to the life and work of a true genius makes this a fascinating and authoritative read.

The post-trading industry is one in which financial firms make money and one in which risk issues need careful management. Reliable payment, clearing and settlement structures are perceived to be essential to enable financial firms to withstand shocks. A great deal of the cost of trading and cross-border investment is attributed to the very complex process of clearing and settlement.This book describes and explains:1. what happens in clearing and settlement, and the roles of (and risks assumed by) the various participants in the post-trade marketplace2. the law applicable to infrastructures, how they are are regulated, and the other topographical features of their legal landscape 3. the legal and practical aspects of risk management and operations of infrastructures4. the risks faced by participants in payment, clearing and settlement systems - the agent banks - along withpractical and operational issues which they face in their roles.Fully revised, updates for the 3rd edition include:- Implications and impact of Brexit- CPMI and IOSCO paper on central counterparty default (CCP) management auctions - cyber-security and the resilience of financial market infrastructures (FMIs) and the wider market ecosystem.This title is included in Bloomsbury Professional's Banking and Finance online service.

The post-trading industry is one in which financial firms make money and one in which risk issues need careful management. Reliable payment, clearing and settlement structures are perceived to be essential to enable financial firms to withstand shocks. A great deal of the cost of trading and cross-border investment is attributed to the very complex process of clearing and settlement.This book describes and explains:1. what happens in clearing and settlement, and the roles of (and risks assumed by) the various participants in the post-trade marketplace2. the law applicable to infrastructures, how they are are regulated, and the other topographical features of their legal landscape 3. the legal and practical aspects of risk management and operations of infrastructures4. the risks faced by participants in payment, clearing and settlement systems - the agent banks - along withpractical and operational issues which they face in their roles.Fully revised, updates for the 3rd edition include:- Implications and impact of Brexit- CPMI and IOSCO paper on central counterparty default (CCP) management auctions - cyber-security and the resilience of financial market infrastructures (FMIs) and the wider market ecosystem.This title is included in Bloomsbury Professional''s Banking and Finance online service.

The post-trading industry is one in which financial firms make money and one in which risk issues need careful management. Reliable payment, clearing and settlement structures are perceived to be essential to enable financial firms to withstand shocks. A great deal of the cost of trading and cross-border investment is attributed to the very complex process of clearing and settlement.This book describes and explains:1. what happens in clearing and settlement, and the roles of (and risks assumed by) the various participants in the post-trade marketplace2. the law applicable to infrastructures, how they are are regulated, and the other topographical features of their legal landscape 3. the legal and practical aspects of risk management and operations of infrastructures4. the risks faced by participants in payment, clearing and settlement systems - the agent banks - along withpractical and operational issues which they face in their roles.Fully revised, updates for the 3rd edition include:- Implications and impact of Brexit- CPMI and IOSCO paper on central counterparty default (CCP) management auctions - cyber-security and the resilience of financial market infrastructures (FMIs) and the wider market ecosystem.This title is included in Bloomsbury Professional''s Banking and Finance online service.

Clearing and Settlement (originally titled: Clearing and Settlement in Europe), Second Edition comprehensively explains, both in theory and practice, the complexities of the law and regulation surrounding the processes of clearing and settlement.Clearing and Settlement:1. Describes what happens in clearing and settlement, and the roles of (and risks assumed by) the various participants in the post-trade marketplace.2. Explores the law applicable to infrastructures, how they are regulated, and considers the other topographical features of their legal landscape.3. Examines the legal and practical aspects of risk management and operations of infrastructures.4. Looks at the risks faced by participants in payment, clearing and settlement systems - the agent banks - along with practical and operational issues which they face in their roles.New legislation includes:· CSD (Central Security Depositories) Regulation and level 2 measures· MiFID 2/MiFIR and level 2 measures· EMIR and level 2 measures· Banking Act 2009 revisions· Bank Recovery and Resolution Directive· Revised Part VII Companies Act 1989· New Part XVIII of FSMA and Recognition Requirements Regulations· Financial Services Act 2012In addition to the coverage of the legislature, there are numerous diagrams and commonly encountered practical problems are discussed, eg ''client clearing'', tax, regulatory capital and protective insolvency legislation. Risk and legal issues arising in clearing and settlement operations, eg liquidity, outsourcing, corporate actions and securities lending are also covered.

Clearing and Settlement (originally titled: Clearing and Settlement in Europe), Second Edition comprehensively explains, both in theory and practice, the complexities of the law and regulation surrounding the processes of clearing and settlement.Clearing and Settlement:1. Describes what happens in clearing and settlement, and the roles of (and risks assumed by) the various participants in the post-trade marketplace.2. Explores the law applicable to infrastructures, how they are regulated, and considers the other topographical features of their legal landscape.3. Examines the legal and practical aspects of risk management and operations of infrastructures.4. Looks at the risks faced by participants in payment, clearing and settlement systems - the agent banks - along with practical and operational issues which they face in their roles.New legislation includes:· CSD (Central Security Depositories) Regulation and level 2 measures· MiFID 2/MiFIR and level 2 measures· EMIR and level 2 measures· Banking Act 2009 revisions· Bank Recovery and Resolution Directive· Revised Part VII Companies Act 1989· New Part XVIII of FSMA and Recognition Requirements Regulations· Financial Services Act 2012In addition to the coverage of the legislature, there are numerous diagrams and commonly encountered practical problems are discussed, eg ''client clearing'', tax, regulatory capital and protective insolvency legislation. Risk and legal issues arising in clearing and settlement operations, eg liquidity, outsourcing, corporate actions and securities lending are also covered.

Everyone knows the story of the codebreaker and computer science pioneer Alan Turing.Except …When Dermot Turing is asked about his famous uncle, people want to know more than the bullet points of his life. They want to know everything – was Alan Turing actually a codebreaker? What did he make of artificial intelligence? What is the significance of Alan Turing’s trial, his suicide, the Royal Pardon, the £50 note and the film The Imitation Game?In Reflections of Alan Turing, Dermot strips off the layers to uncover the real story. It’s time to discover a fresh legacy of Alan Turing for the twenty-first century.

Everyone knows the story of Enigma and secret codebreaking in the Second World War: the triumph of Bletchley Park over world-class cipher technology. Except that excellence in codebreaking was nearly betrayed by incompetence in codemaking.German codebreakers were effective and Allied codes and ciphers were weak. With both sides reading each other’s codes, the biggest secret of all – that the codes had been broken – was now at risk. Sooner or later, on one side or the other, the cipher failures would become known, the systems would be changed and the most valuable source of intelligence would dry up.Were it not for obstinacy, overconfidence and ostrichism. On both sides. The Germans demanded that the traitors be rooted out; the British stifled cipher questions beneath a tangle of committees. The codebreakers’ contest became a struggle to lose the cipher war.From the very outset, the Enigma secret was one of treachery, betrayal and deception. This is the story of the people who fought behind the scenes for cipher security – and of the Enigma traitors.

'It is inspirational.’ – Helen Fry, author of Women in Intelligence'An important and exciting contribution to the history.’ – Clare Mulley, author of Agent ZoBletchley Park is remembered as a land of male intellectuals who were supported by a staff of women in menial roles, with figures such as Alan Turing, William Tutte and John Tiltman taking centre stage. These are the men who worked on the fearsome Enigma and Lorenz ciphering systems – the men who helped sway the course of the war in the Allies’ favour.But, as is often the case in the historical record, this is not the whole story. Women were not just secretaries and assistants: they had serious full-on codebreaking roles. And this was not just at Bletchley, or in the UK, or even only in the Second World War. These were women like Margaret Rock, who solved Enigma and other machine problems; Agnes Driscoll, the first US Navy codebreaker; and Asta Friedrichs, who postwar became a prime source for information on German Foreign Office codebreaking. Yet, when the histories were written, these women – and many more besides – somehow got left out.Who were they? What did they achieve? How did they ‘vanish’? In Misread Signals, expert codebreaking historian Dermot Turing turns his attention to these long-ignored women and puts their contributions back in the spotlight where they belong.

Alan Turing was an extraordinary man who crammed into a life of only 42 years the careers of mathematician, codebreaker, computer scientist and biologist.His codebreaking work at Bletchley Park was so significant it helped to shorten the Second World War, and with Tommy Flowers he built the first computer. A man ahead of his time, many of his theories and calculations are still relevant today. Often believed to be an eccentric loner, recent research by his nephew, Dermot Turing, has unearthed a fresh perspective, and here his story is condensed into a short, accessible Pitkin guide.

It''s common knowledge that the Enigma cipher was broken at Bletchley Park, but less is known of the background: an exhilarating spy story of secret documents smuggled across borders, hair-raising escapes, Gestapo interrogations and betrayals.At the heart of it is the decisive role of Polish mathematicians and French spymasters who helped Britain''s codebreakers change the course of the Second World War. X, Y & Z is the real story of how Enigma was broken.

It’s common knowledge that the Enigma cipher was broken at Bletchley Park, but less is known of the background: an exhilarating spy story of secret documents smuggled across borders, hair-raising escapes, Gestapo interrogations and betrayals.At the heart of it is the decisive role of Polish mathematicians and French spymasters who helped Britain’s codebreakers change the course of the Second World War. X, Y & Z is the real story of how Enigma was broken.

Alan Turing was an extraordinary man who crammed into his 42 years the careers of mathematician, codebreaker, computer scientist and biologist. He is widely regarded as a war hero grossly mistreated by his unappreciative country, and it has become hard to disentangle the real man from the story. Now Dermot Turing has taken a fresh look at the influences on his uncle’s life and creativity, and the creation of a legend. He discloses the real character behind the cipher-text, answering questions that help the man emerge from his legacy: how did Alan’s childhood experiences influence him? How did his creative ideas evolve? Was he really a solitary genius? What was his wartime work after 1942, and what of the Enigma story? What is the truth about the conviction for gross indecency, and did he commit suicide? In Alan Turing Decoded, Dermot’s vibrant and entertaining approach to the life and work of a true genius makes this a fascinating and authoritative read.

Alan Turing was an extraordinary man who crammed into his 42 years the careers of mathematician, codebreaker, computer scientist and biologist. He is widely regarded as a war hero grossly mistreated by his unappreciative country, and it has become hard to disentangle the real man from the story. Now Dermot Turing has taken a fresh look at the influences on his uncle''s life and creativity, and the creation of a legend. He discloses the real character behind the cipher-text, answering questions that help the man emerge from his legacy: how did Alan''s childhood experiences influence him? How did his creative ideas evolve? Was he really a solitary genius? What was his wartime work after 1942, and what of the Enigma story? What is the truth about the conviction for gross indecency, and did he commit suicide? In Alan Turing Decoded, Dermot''s vibrant and entertaining approach to the life and work of a true genius makes this a fascinating and authoritative read.

The post-trading industry is one in which financial firms make money and one in which risk issues need careful management. Reliable payment, clearing and settlement structures are perceived to be essential to enable financial firms to withstand shocks. A great deal of the cost of trading and cross-border investment is attributed to the very complex process of clearing and settlement.This book describes and explains:1. what happens in clearing and settlement, and the roles of (and risks assumed by) the various participants in the post-trade marketplace2. the law applicable to infrastructures, how they are are regulated, and the other topographical features of their legal landscape 3. the legal and practical aspects of risk management and operations of infrastructures4. the risks faced by participants in payment, clearing and settlement systems - the agent banks - along withpractical and operational issues which they face in their roles.Fully revised, updates for the 3rd edition include:- Implications and impact of Brexit- CPMI and IOSCO paper on central counterparty default (CCP) management auctions - cyber-security and the resilience of financial market infrastructures (FMIs) and the wider market ecosystem.This title is included in Bloomsbury Professional's Banking and Finance online service.

The post-trading industry is one in which financial firms make money and one in which risk issues need careful management. Reliable payment, clearing and settlement structures are perceived to be essential to enable financial firms to withstand shocks. A great deal of the cost of trading and cross-border investment is attributed to the very complex process of clearing and settlement.This book describes and explains:1. what happens in clearing and settlement, and the roles of (and risks assumed by) the various participants in the post-trade marketplace2. the law applicable to infrastructures, how they are are regulated, and the other topographical features of their legal landscape 3. the legal and practical aspects of risk management and operations of infrastructures4. the risks faced by participants in payment, clearing and settlement systems - the agent banks - along withpractical and operational issues which they face in their roles.Fully revised, updates for the 3rd edition include:- Implications and impact of Brexit- CPMI and IOSCO paper on central counterparty default (CCP) management auctions - cyber-security and the resilience of financial market infrastructures (FMIs) and the wider market ecosystem.This title is included in Bloomsbury Professional''s Banking and Finance online service.

The post-trading industry is one in which financial firms make money and one in which risk issues need careful management. Reliable payment, clearing and settlement structures are perceived to be essential to enable financial firms to withstand shocks. A great deal of the cost of trading and cross-border investment is attributed to the very complex process of clearing and settlement.This book describes and explains:1. what happens in clearing and settlement, and the roles of (and risks assumed by) the various participants in the post-trade marketplace2. the law applicable to infrastructures, how they are are regulated, and the other topographical features of their legal landscape 3. the legal and practical aspects of risk management and operations of infrastructures4. the risks faced by participants in payment, clearing and settlement systems - the agent banks - along withpractical and operational issues which they face in their roles.Fully revised, updates for the 3rd edition include:- Implications and impact of Brexit- CPMI and IOSCO paper on central counterparty default (CCP) management auctions - cyber-security and the resilience of financial market infrastructures (FMIs) and the wider market ecosystem.This title is included in Bloomsbury Professional''s Banking and Finance online service.

Clearing and Settlement (originally titled: Clearing and Settlement in Europe), Second Edition comprehensively explains, both in theory and practice, the complexities of the law and regulation surrounding the processes of clearing and settlement.Clearing and Settlement:1. Describes what happens in clearing and settlement, and the roles of (and risks assumed by) the various participants in the post-trade marketplace.2. Explores the law applicable to infrastructures, how they are regulated, and considers the other topographical features of their legal landscape.3. Examines the legal and practical aspects of risk management and operations of infrastructures.4. Looks at the risks faced by participants in payment, clearing and settlement systems - the agent banks - along with practical and operational issues which they face in their roles.New legislation includes:· CSD (Central Security Depositories) Regulation and level 2 measures· MiFID 2/MiFIR and level 2 measures· EMIR and level 2 measures· Banking Act 2009 revisions· Bank Recovery and Resolution Directive· Revised Part VII Companies Act 1989· New Part XVIII of FSMA and Recognition Requirements Regulations· Financial Services Act 2012In addition to the coverage of the legislature, there are numerous diagrams and commonly encountered practical problems are discussed, eg ''client clearing'', tax, regulatory capital and protective insolvency legislation. Risk and legal issues arising in clearing and settlement operations, eg liquidity, outsourcing, corporate actions and securities lending are also covered.

Clearing and Settlement (originally titled: Clearing and Settlement in Europe), Second Edition comprehensively explains, both in theory and practice, the complexities of the law and regulation surrounding the processes of clearing and settlement.Clearing and Settlement:1. Describes what happens in clearing and settlement, and the roles of (and risks assumed by) the various participants in the post-trade marketplace.2. Explores the law applicable to infrastructures, how they are regulated, and considers the other topographical features of their legal landscape.3. Examines the legal and practical aspects of risk management and operations of infrastructures.4. Looks at the risks faced by participants in payment, clearing and settlement systems - the agent banks - along with practical and operational issues which they face in their roles.New legislation includes:· CSD (Central Security Depositories) Regulation and level 2 measures· MiFID 2/MiFIR and level 2 measures· EMIR and level 2 measures· Banking Act 2009 revisions· Bank Recovery and Resolution Directive· Revised Part VII Companies Act 1989· New Part XVIII of FSMA and Recognition Requirements Regulations· Financial Services Act 2012In addition to the coverage of the legislature, there are numerous diagrams and commonly encountered practical problems are discussed, eg ''client clearing'', tax, regulatory capital and protective insolvency legislation. Risk and legal issues arising in clearing and settlement operations, eg liquidity, outsourcing, corporate actions and securities lending are also covered.

Everyone knows the story of the codebreaker and computer science pioneer Alan Turing.Except …When Dermot Turing is asked about his famous uncle, people want to know more than the bullet points of his life. They want to know everything – was Alan Turing actually a codebreaker? What did he make of artificial intelligence? What is the significance of Alan Turing’s trial, his suicide, the Royal Pardon, the £50 note and the film The Imitation Game?In Reflections of Alan Turing, Dermot strips off the layers to uncover the real story. It’s time to discover a fresh legacy of Alan Turing for the twenty-first century.

Everyone knows the story of Enigma and secret codebreaking in the Second World War: the triumph of Bletchley Park over world-class cipher technology. Except that excellence in codebreaking was nearly betrayed by incompetence in codemaking.German codebreakers were effective and Allied codes and ciphers were weak. With both sides reading each other’s codes, the biggest secret of all – that the codes had been broken – was now at risk. Sooner or later, on one side or the other, the cipher failures would become known, the systems would be changed and the most valuable source of intelligence would dry up.Were it not for obstinacy, overconfidence and ostrichism. On both sides. The Germans demanded that the traitors be rooted out; the British stifled cipher questions beneath a tangle of committees. The codebreakers’ contest became a struggle to lose the cipher war.From the very outset, the Enigma secret was one of treachery, betrayal and deception. This is the story of the people who fought behind the scenes for cipher security – and of the Enigma traitors.

'It is inspirational.’ – Helen Fry, author of Women in Intelligence'An important and exciting contribution to the history.’ – Clare Mulley, author of Agent ZoBletchley Park is remembered as a land of male intellectuals who were supported by a staff of women in menial roles, with figures such as Alan Turing, William Tutte and John Tiltman taking centre stage. These are the men who worked on the fearsome Enigma and Lorenz ciphering systems – the men who helped sway the course of the war in the Allies’ favour.But, as is often the case in the historical record, this is not the whole story. Women were not just secretaries and assistants: they had serious full-on codebreaking roles. And this was not just at Bletchley, or in the UK, or even only in the Second World War. These were women like Margaret Rock, who solved Enigma and other machine problems; Agnes Driscoll, the first US Navy codebreaker; and Asta Friedrichs, who postwar became a prime source for information on German Foreign Office codebreaking. Yet, when the histories were written, these women – and many more besides – somehow got left out.Who were they? What did they achieve? How did they ‘vanish’? In Misread Signals, expert codebreaking historian Dermot Turing turns his attention to these long-ignored women and puts their contributions back in the spotlight where they belong.

Alan Turing was an extraordinary man who crammed into a life of only 42 years the careers of mathematician, codebreaker, computer scientist and biologist.His codebreaking work at Bletchley Park was so significant it helped to shorten the Second World War, and with Tommy Flowers he built the first computer. A man ahead of his time, many of his theories and calculations are still relevant today. Often believed to be an eccentric loner, recent research by his nephew, Dermot Turing, has unearthed a fresh perspective, and here his story is condensed into a short, accessible Pitkin guide.