This article analyzes the impact of the introduction of centrally cleared credit risk transfer on a loan originating bank's lending discipline in the primary loan market. Under Basel III, a bank can transfer credit risk via central clearing at favorable regulatory conditions. Central clearing, however, reduces the lending discipline because the fact that only standardized contracts can be ...
| Year of publication: |
2013-05
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| Authors: | Arnold, Marc |
| Institutions: | School of Finance, Universität St. Gallen |
| Subject: | Credit Risk Transfer | Central Clearing | Lending Discipline | Systemic Risk |
| Extent: | application/pdf |
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| Series: | |
| Type of publication: | Book / Working Paper |
| Notes: | Number 1321 53 pages |
| Classification: | G18 - Government Policy and Regulation ; G28 - Government Policy and Regulation |
| Source: |
Persistent link: https://www.econbiz.de/10011115406