, where, for transactions which meet a specified degree of standardisation, compulsory clearing through central counterparties … introducing compulsory central clearing in Europe (‘EMIR'),takes an ambivalent attitude towards collateral. On one hand, it makes … counterparties from the risk of CCP insolvency, and to protect clients from the risk of their clearing broker's insolvency.Both these …

In the context of the upcoming Brexit, a relocation of the clearing of euro-OTC derivatives for EU-based firms is the …

Market disruptions in response to the COVID pandemic spurred calls for the consideration of marketwide central clearing … netting efficiencies of increased central clearing using nonpublic Treasury TRACE transactions data. We find that central … clearing of all outright trades would have lowered dealers' daily gross settlement obligations by roughly $330 billion (60 …

, portfolio compression and central clearing have been introduced for these OTC derivatives markets.This paper deals with the …

. They exist side by side with bilaterally-cleared derivatives. These two clearing structures share common conceptual … structure and systemic risks. That both clearing structures co-exist strongly suggests that neither structure is dominant. The … continuing evolution of derivatives clearing involves a tension between public and private interests and the legal environments …