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OTC derivatives : bilateral trading and central clearing : an introduction to regulatory policy, market impact and systemic risk /
The OTC derivatives market has been hit by a massive wave of regulatory change. Capital and margin requirements have increased, trade reporting has been mandated, and execution mechanisms are evolving. Most of all, central clearing is being imposed for many transactions. OTC Derivatives: Bilateral T...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Houndmills, Basingstoke, Hampshire :
Palgrave Macmillan,
2013.
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| Colección: | Global financial markets (Houndmills, Basingstoke, England)
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| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | The OTC derivatives market has been hit by a massive wave of regulatory change. Capital and margin requirements have increased, trade reporting has been mandated, and execution mechanisms are evolving. Most of all, central clearing is being imposed for many transactions. OTC Derivatives: Bilateral Trading and Central Clearing explains the new rules and the new models. It discusses the traditional bilateral market, then sets out how this will change due to mandatory central clearing and the new ways in which OTC derivatives will have to be traded, reported, and processed. The risks of OTC derivatives clearing houses are discussed in detail, as are the protections that CCPs have against these risks. The book also looks at alternatives to some of the policy decisions that have been made, showing the balance between costs and benefits of various different approaches to derivatives market stability. The book is both a detailed primer on OTC derivatives clearing and a powerful insight into post-crisis financial regulation. |
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| Descripción Física: | 1 online resource (xi, 287 pages) |
| Bibliografía: | Includes bibliographical references and index. |
| ISBN: | 9781137293862 1137293861 1299952372 9781299952379 9781137293879 113729387X 1137293853 9781137293855 |