effects on financial market function and credit provision. While the hedge fund-prime broker credit network is highly … concentrated, the average hedge fund in our sample borrows from three prime brokers and has a total credit exposure of $2 … major creditor. Such a shock results in significantly reduced borrowing due to the prime broker reducing credit supply …

Can banks trade credit default swaps (CDSs) referenced on their current corporate clients at competitive prices, or are …

Since the publication of the second edition of The Credit Risk of Complex Derivatives in 1997, the world of derivatives … expanded. Several new chapters have been added including: * Derivative losses * Risk governance and risk management efforts … * Regulatory initiatives and advances * Credit risk portfolio models Aimed at clients, intermediaries and regulators, this edition …