OTC Derivative Markets and Their Regulation - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook OTC Derivative Markets and Their Regulation write by United States. Commodity Futures Trading Commission. This book was released on 1993. OTC Derivative Markets and Their Regulation available in PDF, EPUB and Kindle.
Study of Swaps and Off-exchange Derivatives Trading
Study of Swaps and Off-exchange Derivatives Trading - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Study of Swaps and Off-exchange Derivatives Trading write by Commodity Futures Trading Commission (Washington). This book was released on 1993. Study of Swaps and Off-exchange Derivatives Trading available in PDF, EPUB and Kindle.
OTC Derivative Markets and Their Regulation
OTC Derivative Markets and Their Regulation - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook OTC Derivative Markets and Their Regulation write by United States. Commodity Futures Trading Commission. This book was released on 1993. OTC Derivative Markets and Their Regulation available in PDF, EPUB and Kindle.
OTC Derivatives: Bilateral Trading and Central Clearing
OTC Derivatives: Bilateral Trading and Central Clearing - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook OTC Derivatives: Bilateral Trading and Central Clearing write by David Murphy. This book was released on 2013-09-04. OTC Derivatives: Bilateral Trading and Central Clearing available in PDF, EPUB and Kindle. 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. Key features of the book include: • A discussion of the capital rules for OTC derivatives counterparty credit risk in Basel III; • An account of OTC derivatives trade processing in both bilateral and cleared markets; • A detailed account of the risk profile of OTC derivatives CCPs; • An explanation of the risks run in various collateral segregation models; and • A comparison of various macro-prudential tools for enhancing the financial stability of OTC derivatives markets.
Regulation and Supervision of the OTC Derivatives Market
Regulation and Supervision of the OTC Derivatives Market - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Regulation and Supervision of the OTC Derivatives Market write by Ligia Catherine Arias-Barrera. This book was released on 2018-05-11. Regulation and Supervision of the OTC Derivatives Market available in PDF, EPUB and Kindle. The over-the-counter (OTC) derivatives market has captured the attention of regulators after the Global Financial Crisis due to the risk it poses to financial stability. Under the post-crisis regulatory reform the concentration of business, and risks, among a few major players is changed by the concentration of a large portion of transactions in the new market infrastructures, the Central Counterparties (CCPs). This book, for the first time, analyses the regulatory response of the United Kingdom and the United States, the two largest centres of OTC derivatives transactions, and highlights their shortcomings. The book uses a normative risk-based approach to regulation as a methodological lens to analyse the UK regime of CCPs in the OTC derivatives market. It specifically focuses on prudential supervision and conduct of business rules governing OTC derivatives transactions and the move towards enhancing the use of central clearing. The resulting analysis, from a normative risk based approach, suggests that the UK regime for CCPs does not fulfil what would be expected if a coherent risk based approach was taken. Our comments on the Dodd-Frank Act highlight that the incoherent adoption of risk-based approach to regulation affects the effectiveness of the US regime for CCPs. Such a regime does not follow the pace of events of ‘innovation risk’; in particular, the foreseeable changes FinTech will bring to the OTCDM and central clearing services. The second inadequacy of the US regime concerns the dual regulatory structure of the CFTC and the SEC, and the inadequate adoption of different and not well-coordinated regulatory strategies. We also analyse the cross-border implications of the US regime for non-US CCPs that provide clearing services to US market participants. Finally, we study the negative effects of the absence of a clearly defined resolution regime for CCPs.
