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Part III UK Money, Debt, and Derivatives Markets, 8 London Money Markets

Joanna Gray

From: Financial Markets and Exchanges Law (2nd Edition)

Edited By: Michael Blair, George Walker, Stuart Willey

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2023. All Rights Reserved.date: 30 September 2023

Issue and trading of securities — Shares — Debenture — Options — Futures — Derivatives — UK Financial Services Authority (FSA) — International Monetary Fund (IMF) — Financial Services and Markets Act 2000
8.01 The scope of this chapter is confined to an examination of the legal and regulatory underpinnings of the wholesale money markets—namely, those financial markets in which the lending and borrowing of money and securities, such as commercial paper, Treasury bills, and gilts, takes place on a short-term basis of up to one year.1 8.02 Explanations of the functioning, and since 2007 malfunctioning, of the money markets are often bedevilled by extreme technicality and unfamiliar terms and language. Money, being perhaps the purest and most stripped-down measure of...
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