Arbeitspapier
Lessons from international central counterparties: Benchmarking and analysis
Since the financial crisis, attention has focused on central counterparties (CCPs) as a solution to systemic risk for a variety of financial markets, ranging from repurchase agreements and options to swaps. However, internationally accepted standards and the academic literature have left unanswered many practical questions related to the design of CCPs. The author analyzes the inherent trade-offs and resulting international benchmarks for a certain set of issues. Four CCPs - FINet, CME Clearing, Eurex Clearing and LCH.Clearnet - are considered in terms of riskmanagement, CCP links, governance and operational risk.
- Language
-
Englisch
- Bibliographic citation
-
Series: Bank of Canada Discussion Paper ; No. 2011-4
- Classification
-
Wirtschaft
Financial Crises
Information and Market Efficiency; Event Studies; Insider Trading
General Financial Markets: Government Policy and Regulation
Financial Institutions and Services: Government Policy and Regulation
Corporate Finance and Governance: Government Policy and Regulation
- Subject
-
Financial system regulation and policies
Financial stability
Payment, clearing, and settlement systems
Financial markets
Finanzmarkt
Finanzmarktkrise
Regulierung
Pensionsgeschäft
Optionsgeschäft
Swap
Welt
- Event
-
Geistige Schöpfung
- (who)
-
Lazarow, Alexandre
- Event
-
Veröffentlichung
- (who)
-
Bank of Canada
- (where)
-
Ottawa
- (when)
-
2011
- DOI
-
doi:10.34989/sdp-2011-4
- Handle
- Last update
-
10.03.2025, 11:41 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Lazarow, Alexandre
- Bank of Canada
Time of origin
- 2011
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