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A new governance architecture for European financial markets? Towards a European supervision of CCPs

Friedrich, Jan; Thiemann, Matthias - 2018

transactions. While the EU-wide regulatory framework EMIR, enacted in 2012, stipulates common regulatory requirements, the …

Persistent link: https://www.econbiz.de/10011894297

At the End of the Waterfall – Resolvability of Central Counterparties

Gárdos, Péter - In: Credit and Capital Markets – Kredit und Kapital 54 (2021) 4, pp. 505-531

After the prudential requirements introduced by EMIR in 2012, the European Union took a further step when it adopted a …

Persistent link: https://www.econbiz.de/10014523282

¿Cómo identificar a todas las sociedades del mundo? La experiencia del código LEI ("Legal Entity Identifier")

Morales Fernández, Alejandro; Ortega Ortega, Manuel; …

In response to the financial crisis that began in 2008, the Financial Stability Board (FSB) launched a global registration system for legal entities. The initiative aimed to create a unique identifier – the LEI (Legal Entity Identifier) – for each of the entities operating in the financial...

Persistent link: https://www.econbiz.de/10014453511

The challenge of identifying all companies worldwide. How the legal entity identifier (LEI) has fared

Morales Fernández, Alejandro; Ortega Ortega, Manuel; …

Como respuesta a la crisis financiera iniciada en 2008, el Consejo de Estabilidad Financiera (FSB) puso en marcha un sistema mundial de registro de personas jurídicas. La iniciativa aspiraba a crear un código de identificación único para cada una de las entidades que operan en los mercados...

Persistent link: https://www.econbiz.de/10014507012

Evaluating market risk from leveraged derivative exposures

Jukonis, Audrius - 2022

Market participants use leveraged derivatives to gain access to equity market exposure through broker banks. Leverage and interconnectedness via overlapping portfolios of dealer banks can amplify adverse market movements, potentially causing sizeable losses. I propose a model, based on granular...

Persistent link: https://www.econbiz.de/10014278525

The Clearing of Euro OTC Derivatives Post Brexit – Why a Uniform Regulation and Supervision of CCPs is Essential for European Financial Stability

Brühl, Volker - In: Credit and Capital Markets – Kredit und Kapital 51 (2018) 3, pp. 345-365

-Behörden unterliegen und in der EU niedergelassen sein. Dies wäre ein wichtiger Baustein für eine künftige Kapitalmarktunion in Europa, da …. Against this background, the draft amendment of EMIR (European Market Infrastructure Regulation) presented on 13 June 2017 is … für die Finanzstabilität in Europa ist Der Markt für OTC-Derivate ist mit einem ausstehenden Nominalvolumen von mehr als …

Persistent link: https://www.econbiz.de/10014521875

Comparing American and European Regulation of Over-the- Counter Derivative Securities

Janda, Karel; Rausser, Gordon - In: European Financial and Accounting Journal 6 (2011) 4, pp. 7-19

Reform and Consumer Protection Act and the European Market Infrastructure Regulation (EMIR). The similarities and the major … differences of these two regulative approaches are emphasized. The major similarities between EMIR and the Dodd-Frank Act relate …

Persistent link: https://www.econbiz.de/10010512892

Bank private information in CDS markets

Bilan, Andrada; Ongena, Steven; Pancaro, Cosimo - 2023

European Market Infrastructure Regulation (EMIR) with syndicated loans from DealScan, and compare the prices on similar CDSs …

Persistent link: https://www.econbiz.de/10014374694

The End of the Waterfall: Default Resources of Central Counterparties

Cont, Rama - 2015

Central counterparties (CCPs) have become pillars of the new global financial architecture following the financial crisis of 2008. The key role of CCPs in mitigating counterparty risk and contagion has in turn cast them as systemically important financial institutions whose eventual failure may...

Persistent link: https://www.econbiz.de/10012143872

Securisation special purpose entities, bank sponsors and derivatives

Fiedor, Paweł; Killeen, Neill - 2019

This paper documents the use of derivatives by securitisation special purpose entities (SPEs), also known as financial vehicle corporations (FVCs), domiciled in Ireland using transaction-level data established by the European Market Infrastructure Regulation. We show that these entities...

Persistent link: https://www.econbiz.de/10012145164