Counterparty risk, impact on collateral flows, and role for central counterparties /

Counterparty risk in the United States stemming from exposures to OTC derivatives payables (after netting) is now concentrated in five banks?Goldman Sachs, JPMorgan, Bank of America, Morgan Stanley and Citi. This note analyzes how such risks have shifted over the past year. We estimate that the adve...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Singh, Manmohan, 1964- (Autor), Aitken, James (Autor)
Autor Corporativo: International Monetary Fund. Monetary and Capital Markets Department
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, ©2009.
Colección:IMF working paper ; WP/09/173.
Temas:
Credit > Risk assessment.
Risk management > United States.
Banks and banking > United States.
Finance > United States.
Crédit > Évaluation du risque.
Gestion du risque > États-Unis.
Banques > États-Unis.
Risk management
Banks and banking
Finance
United States
Acceso en línea:Texto completo
Tabla de Contenidos:
  • I. Introduction; II. Counterparty Risk; Figures; 1. Illustrative Repricing of Derivatives When a Large Financial Institution Fails; III. The Changing Profile of Counterparty Risk in the United States; IV. The Adverse Impact of Counterparty Risk on Global Liquidity; 2. Counterparty Liabilities of Major U.S. Banks; Tables; 1. Snapshot of Reduced Collateral Posting Among LCFIs; 2. Securities Lending by Major Custodians; V. Regulatory Thrust for a Central Counterparty; 3. Cash Holding by Major LCFIs; VI. Conclusions and Policy Implications; Appendixes

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