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Real-Time Rail (RTR). Lynx and SOE will replace the current Large Value Transfer System (LVTS) and Automated Clearing …
Persistent link: https://www.econbiz.de/10012243367
. Such a loss can be incurred whenever the CCP has insufficient funds to unwind the portfolio of a defaulting clearing member … show in particular that a clearing member's CCP risk is given by a sum of exposures to each of the other clearing members …
Persistent link: https://www.econbiz.de/10013241151
By stepping between bilateral counterparties, a central counterparty (CCP) transforms credit exposure. CCPs generally improve financial stability. Nevertheless, large CCPs are by nature concentrated and interconnected with major global banks. Moreover, although they mitigate credit risk, CCPs...
Persistent link: https://www.econbiz.de/10012130105
markets across the globe, call for taking a "macro" view on the interconnections arising in the clearing network. Based on the …
Persistent link: https://www.econbiz.de/10012135903
Blockchain technologies hold the key to building an inclusive global digital economy that is auditably secure and … transparently accountable to the world’s citizens. At a time when governments must fight to restore the public's faith in cross … economy, undermining public trust in international economic institutions, and pushing the most cutting-edge blockchain …
Persistent link: https://www.econbiz.de/10011691344
The market turmoil in March 2020 highlighted key vulnerabilities in the EU money market fund (MMF) sector. This paper assesses the effectiveness of the EU's regulatory framework from a financial stability perspective, based on a panel analysis of EU MMFs at a daily frequency. First, we find that...
Persistent link: https://www.econbiz.de/10013390997
This study identifies five distinctive stages of the current global financial crisis: the meltdown of the subprime mortgage market, spillovers into broader credit market, the liquidity crisis epitomized by the fallout of Northern Rock, Bear Stearns with contagion effects on other financial...
Persistent link: https://www.econbiz.de/10013157873
This study identifies five distinctive stages of the current global financial crisis: the meltdown of the subprime mortgage market, spillovers into broader credit market, the liquidity crisis epitomized by the fallout of Northern Rock, Bear Stearns with contagion effects on other financial...
Persistent link: https://www.econbiz.de/10003790529
This study identifies five distinctive stages of the current global financial crisis: the meltdown of the subprime mortgage market; spillovers into broader credit market; the liquidity crisis epitomized by the fallout of Northern Rock, Bear Stearns and Lehman Brothers with counterparty risk...
Persistent link: https://www.econbiz.de/10013132211
Persistent link: https://www.econbiz.de/10013163316