Since the financial crisis, attention has focused on central counterparties (CCPs) as a solution to systemic risk for a … Clearing, Eurex Clearing and LCH.Clearnet - are considered in terms of risk management, CCP links, governance and operational … risk. …

share a common component with risk premia in other markets. This observation leads to the following identification strategy … arbitrage-free term structure model. As predicted, we find that funding liquidity explains the cross-section of risk premia. An … increase in the value of liquidity predicts lower risk premia for on-the-run and off-the-run bonds but higher risk premia on …

stability. The collapse of a hedge fund or a group of hedge funds might pose a systemic risk directly by damaging systematically … dominant players that have a complex business relationship. Therefore, while the potential for a systemic risk from the hedge …