This book addresses the legal background of the derivative business. The author analyses existing rules and comes to the conclusion that further regulation is superfluous. The European legal systems are aware of substantiated principles that are applicable to this type of business, such as those from the insurance and gambling fields. Established instruments of the law of obligations and criminal law offer better protection than the mere expansion of supervisory authorities.
Julian Roberts, Rechtsanwälte Wolfsteiner Roberts & Partner, München, Ludwig-Maximilians-Universität München.
