OTC derivatives :bilateral trading a...
Murphy, David

 

  • OTC derivatives :bilateral trading and central clearing : an introduction to regulatory policy, market impact and systemic risk /
  • 紀錄類型: 書目-語言資料,印刷品 : Monograph/item
    杜威分類號: 332.64/57
    書名/作者: OTC derivatives : : bilateral trading and central clearing : an introduction to regulatory policy, market impact and systemic risk // David Murphy.
    作者: Murphy, David
    面頁冊數: 1 online resource (xi, 287 pages).
    標題: BUSINESS & ECONOMICS / Finance
    標題: Derivative securities.
    標題: Over-the-counter markets.
    ISBN: 9781137293862 (electronic bk.)
    ISBN: 1137293861 (electronic bk.)
    書目註: Includes bibliographical references and index.
    內容註: PART I: UNDERSTANDING BILATERAL RELATIONSHIPS -- 1.Over-the-Counter Derivatives and Repurchase Agreements -- 2.Bilateral Relationships -- 3.Risks in Bilateral Relationships -- 4.Bilateral Relationships in the Crisis -- PART II -- 5.The New Model -- 6.Relationships in a Trilateral World -- 7.Risks -- 8.Design Choices and Financial Stability -- 9.The Future.
    摘要、提要註: The OTC derivatives market has been hit by a massive wave of regulatory change. Capital and margin requirements have increased, trade reporting has been mandated, and execution mechanisms are evolving. Most of all, central clearing is being imposed for many transactions. OTC Derivatives: Bilateral Trading and Central Clearing explains the new rules and the new models. It discusses the traditional bilateral market, then sets out how this will change due to mandatory central clearing and the new ways in which OTC derivatives will have to be traded, reported, and processed. The risks of OTC derivatives clearing houses are discussed in detail, as are the protections that CCPs have against these risks. The book also looks at alternatives to some of the policy decisions that have been made, showing the balance between costs and benefits of various different approaches to derivatives market stability. The book is both a detailed primer on OTC derivatives clearing and a powerful insight into post-crisis financial regulation.
    電子資源: http://www.palgraveconnect.com/doifinder/10.1057/9781137293862
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