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South Africa; Detailed Assessment of Implementation on IOSCO Principles-Securities Markets

International Monetary Fund (IMF); International … - 2010

South Africa has made substantial progress in addressing the recommendations of the Financial Sector Assessment Program and is continuing to build upon these accomplishments. The Financial Services Board and Department of Trade and Industry both are organizations with the legal authority to...

Persistent link: https://www.econbiz.de/10011245358

Chile; Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transparency, Bankin...

International Monetary Fund (IMF); International … - 2004

This paper highlights key findings of the Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on Monetary and Financial Policy Transparency, Banking Supervision, and Securities Regulation for Chile. The assessment reveals the Chilean banking system...

Persistent link: https://www.econbiz.de/10005252960

Exchange Rate Risk Measurement and Management; Issues and Approaches for Firms

Papaioannou, Michael G. - International Monetary Fund (IMF) - 2006

Measuring and managing exchange rate risk exposure is important for reducing a firm's vulnerabilities from major exchange rate movements, which could adversely affect profit margins and the value of assets. This paper reviews the traditional types of exchange rate risk faced by firms, namely...

Persistent link: https://www.econbiz.de/10005825991

Collateral, Netting and Systemic Risk in the OTC Derivatives Market

Singh, Manmohan - International Monetary Fund (IMF) - 2010

To mitigate systemic risk, some regulators have advocated the greater use of centralized counterparties (CCPs) to clear Over-The-Counter (OTC) derivatives trades. Regulators should be cognizant that large banks active in the OTC derivatives market do not hold collateral against all the positions...

Persistent link: https://www.econbiz.de/10008470392

Idiosyncratic and Systemic Risk in the European Corporate Sector; A CDO Perspective

Lu, Yinqiu; Chan-Lau, Jorge A. - International Monetary Fund (IMF) - 2006

Systemic risk remains a major concern to policymakers since widespread defaults in the corporate and financial sectors could pose substantial costs to society. Forward-looking measures and/or indicators of systemic default risk are thus needed to identify potential buildups of vulnerability in...

Persistent link: https://www.econbiz.de/10005263700

The value of central clearing

Vuillemey, Guillaume - 2018

: central clearing counterparties (CCPs) for derivatives. The first CCP was created in Le Havre (France) in 1882, in the coffee … futures market. Using triple difference-in-differences estimation, I show that central clearing changed the geography of trade … both a "missing market" problem and adverse selection issues. Central clearing also facilitated entry of new traders in the …

Persistent link: https://www.econbiz.de/10012122778

Automated terminations in a cleared world (coming soon)

Hirani, Sunil - In: Journal of securities operations & custody 5 (2012/13) 4, pp. 363-368

Persistent link: https://www.econbiz.de/10009759445

Brexit and CCP supervision : from extraterritoriality to a model of shared control

Lehmann, Matthias - 2021

Persistent link: https://www.econbiz.de/10012642446

Clearing OTC derivatives in Europe

Zebregs, Bas (ed.); Serière, Victor de (ed.); … - 2023 - First edition

Persistent link: https://www.econbiz.de/10014338158

The value of insolvency safe harbours

Paech, Philipp - London School of Economics (LSE) - 2015

‘Safe harbour’ is shorthand for a bundle of privileges in insolvency which are typically afforded to financial institutions. They are remotely comparable to security interests as they provide a financial institution with a considerably better position as compared to other creditors should...

Persistent link: https://www.econbiz.de/10011264787