nature of the OTC derivatives market via a number of measures, notably mandatory central clearing. This book discusses the … market before the crisis, explains what central clearing is, and outlines the consequences of the new rules. …

nature of the OTC derivatives market via a number of measures, notably mandatory central clearing. This book discusses the … market before the crisis, explains what central clearing is, and outlines the consequences of the new rules. ….5 Interconnectedness -- 5.6 Resolution -- 5.7 Risk Coverage -- 6 OTC Derivatives Central Clearing -- 6.1 OTC Derivatives Central …

Central clearing counterparties (CCPs) were created to reduce default losses for market participants in derivatives …

Central clearing counterparties (CCPs) were established to mitigate default losses resulting from counterparty risk in … derivatives markets. In a parsimonious model, we show that clearing benefits are distributed unevenly across market participants …. Loss sharing rules determine who wins or loses from clearing. Current rules disproportionately benefit market participants …

diesem bisher weitgehend unregulierten Marktsegment durch den vermehrten Einsatz zentraler Gegenparteien (Central Clearing … außerbörslichen Derivatemarktes verantwortlich sind. -- Zentrale Gegenpartei ; Finanzkrise ; Clearing ; außerbörsliche Derivate … of central clearing counterparties (CCPs). Recently, therefore, the market for Credit Default Swaps is cleared centrally …