In the context of the upcoming Brexit, a relocation of the clearing of euro-OTC derivatives for EU-based firms is the … the financial stability of the eurozone, the potential relocation costs should not be a decision criterion …

of scale. From a European perspective, it should be noted that the clearing of euro-denominated OTC derivatives mainly … discussion as to whether this can remain the case post Brexit.CCPs, which clear a significant proportion of euro OTC derivatives … addition, if a systemically relevant CCP handling a considerable portion of the euro OTC derivatives business were to run into …

of scale. From a European perspective, it should be noted that the clearing of euro-denominated OTC derivatives mainly … discussion as to whether this can remain the case post Brexit. CCPs, which clear a significant proportion of euro OTC derivatives … addition, if a systemically relevant CCP handling a considerable portion of the euro OTC derivatives business were to run into …

comprehensive analysis of the structure of the euro area interest rate swap (IRS) market after the start of the mandatory clearing …) The euro area IRS market is highly standardised and concentrated around the group of the G16 Dealers but also around a … significant group of core "intermediaries" (and major CCPs). 2) Banks are active in all segments of the IRS euro market, whereas …

The composition of amounts outstanding in over-the-counter derivatives shifted towards the euro and cleared instruments …. Since the Great Financial Crisis, increases in central clearing rates have helped shape growth in amounts outstanding …. Derivatives subject to regulatory clearing mandates were approaching full clearing, while clearing rates were low for certain …

central clearing, as intended. We introduce a model of OTC clearing to compare the total capital and collateral costs when … bilateral and central clearing; (ii) the margin period of risk used to set initial margin and capital requirements; and (iii … clearing and, when it does, the incentive may be driven by questionable differences in CCPs' default waterfall resources. We …

central clearing, as intended. We introduce a model of OTC clearing to compare the total capital and collateral costs when … bilateral and central clearing; (ii) the margin period of risk used to set initial margin and capital requirements; and (iii … clearing and, when it does, the incentive may be driven by questionable differences in CCPs' default waterfall resources. We …

traded over the counter. We find substantial and persistent heterogeneity in derivative prices consistent with a pass …