'The Autobiography of a Flea' was initally published in 1887, and inspired a film directed by one of the first female pornographic directors from the 1970s. Starring the inimitable John C Holmes, it is recognised as a classic example of the x-rated genre. Can men of the cloth ever escape temptation? A young maiden, Bella, and her boyfriend Charlie consummate their passion under the moonlight, shrouded in petticoats. Little do they know that someone has been watching them - a priest - who blackmails Bella over the sight he has witnessed, enslaving her into a world of sexual subservience. 'The Autobiography of a Flea' is narrated by the smallest voyeur of them all, who uses his size to avenge Bella's misfortune, revealing the sordid details of a priest's inner sanctum.
Clearing forms the core part of a smooth and efficiently functioning financial market infrastructure. Traditionally, it has been provided by clearing houses, most of which today act as a 'central counterparty' (CCP) between the two sides of a trade. The rapid growth of cross-border trading has sparked discussion on the most efficient industry structure - particularly in Europe and the US. At the heart of this discussion lies the question of whether the implementation of a single clearing house creates greater benefits than a more competitive but interlinked market structure. This is the starting point for this book, which analyses the efficiency of clearing and clearing industry structure. Along with clear-cut definitions and a concise characterisation and descriptive analysis of the clearing industry, the book determines the efficiency impact of various cross-border integration and harmonisation initiatives between CCPs. This serves to identify the most preferable future structure for the clearing industry.
Sunshine Markets Articles
Sunshine Markets Books