Post Trade Processing Of Otc Derivatives
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Author | : Olga Lewandowska |
Publisher | : BoD – Books on Demand |
Total Pages | : 222 |
Release | : 2020-04-30 |
Genre | : Business & Economics |
ISBN | : 3838214447 |
The financial crisis of 2007–2009 exposed the weaknesses of the global over-the-counter (OTC) derivatives market such as limited transparency regarding risk exposures, poor counterparty risk management practices, and the risk of contagion arising from interconnectedness in this market. In the aftermath of the financial crisis, regulators introduced worldwide legislative and regulatory changes aimed at increasing the transparency and stability of the financial markets. In this book, Dr. Olga Lewandowska explores those novel regulatory solutions and their impact. The main focus is on central counterparty (CCP) clearing that became mandatory for OTC derivatives under the new regulatory paradigm. In four research papers, she analyzes CCP from different risk perspectives and based on four diverse research methods. Her book offers a comprehensive assessment of the risk-reduction potential of the CCPs, their implications for the financial markets, and the practical challenges in the implementation of the recent financial market reforms.
Author | : Olga Lewandowska |
Publisher | : |
Total Pages | : 0 |
Release | : 2020 |
Genre | : Derivative securities |
ISBN | : 9783838274447 |
Author | : |
Publisher | : |
Total Pages | : 96 |
Release | : 2008 |
Genre | : Banks and banking, Central |
ISBN | : |
Author | : |
Publisher | : |
Total Pages | : 76 |
Release | : 2007 |
Genre | : Derivative securities |
ISBN | : |
Author | : Michael Simmons |
Publisher | : John Wiley & Sons |
Total Pages | : 839 |
Release | : 2019-02-18 |
Genre | : Business & Economics |
ISBN | : 1119377129 |
Insight into collateral management and its increasing relevance in modern banking In the wake of recent financial crises, firms of all sizes have adjusted their policies to incorporate more frequent instances of collateral management. Collateral Management: A Guide to Mitigating Counterparty Risk explains the connection between the need for collateral management in order to alleviate counterparty risk and the actions that firms must take to achieve it. Targeted at middle and back office managers seeking a hands-on explanation of the specifics of collateral management, this book offers a thorough treatment of the subject and attends to details such as internal record management, daily procedures used in making and receiving collateral calls, and settlement-related issues that affect the movements of cash and securities collateral. An expert in financial topics ranging from trade lifecycle to operational risk, author Michael Simmons offers readers insight into a field that, so far, is struggling to produce enough expertise to meet its high demand. Presents hands-on advice and examples from a bestselling, internationally renowned author who introduces his third book on operations and operations-related activities Explains the relationship between collateral management and preventing institutional defaults, such as the recent Lehman Brothers downfall Since 2008, firms have recognized and embraced the importance of collateral management, but this book will provide practitioners with a deeper understanding and appreciation of its relevance.
Author | : Lightbulb Press |
Publisher | : |
Total Pages | : |
Release | : 2021-10-20 |
Genre | : |
ISBN | : 9781933569215 |
An in-depth look at DTCC, including its role in the capital markets, its structure, and it's offerings and services.
Author | : David Murphy |
Publisher | : Palgrave Macmillan |
Total Pages | : 304 |
Release | : 2013-09-04 |
Genre | : Business & Economics |
ISBN | : 9781137293855 |
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. Key features of the book include: • A discussion of the capital rules for OTC derivatives counterparty credit risk in Basel III; • An account of OTC derivatives trade processing in both bilateral and cleared markets; • A detailed account of the risk profile of OTC derivatives CCPs; • An explanation of the risks run in various collateral segregation models; and • A comparison of various macro-prudential tools for enhancing the financial stability of OTC derivatives markets.
Author | : Group of Ten. Committee on Payment and Settlement Systems |
Publisher | : |
Total Pages | : 80 |
Release | : 2004 |
Genre | : Clearing of securities |
ISBN | : |
Author | : Virginia B. Morris |
Publisher | : Lightbulb Press, Inc. |
Total Pages | : 35 |
Release | : 2009 |
Genre | : Capital market |
ISBN | : 1933569980 |
"An overview of The Depository Trust & Clearing Corporation (DTCC), whose sophisticated infrastructure and risk management systems provide essential services to US and global capital markets. The guide explains clearing, netting, and settling - the essential elements of post-trade processing - and the role of a central counterparty in ensuring completion of equity and fixed-income transactions. It looks, as well, at the increasing number of solutions DTCC provides for financial firms at home and around the world"--P. [4] of cover.
Author | : Mr.Manmohan Singh |
Publisher | : International Monetary Fund |
Total Pages | : 23 |
Release | : 2018-03-20 |
Genre | : Business & Economics |
ISBN | : 1484347307 |
Recovery and resolution regimes are being developed for central counterparties (CCPs). We analyse current resolution tools in the context of policy, which is to restore the critical functions of a failed CCP. We conclude that the toolkit is insufficient to avoid the costs of resolution being borne by taxpayers, and propose alternative policy suggestions for addressing the problem of a failed CCP.