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OTC derivatives : bilateral trading and central clearing : an introduction to regulatory policy, market impact and systemic risk

Record Type:	Electronic resources : monographic
Title Information:	bilateral trading and central clearing : an introduction to regulatory policy, market impact and systemic risk
Author:	MurphyDavid,
Place of Publication:	Houndmills, Basingstoke, Hampshire
Published:	Palgrave Macmillan;
Year of Publication:	2013
Description:	1 online resource (xi, 287 pages).
Series:	Global financial markets series
Subject:	Derivative securities. -
Subject:	Over-the-counter markets. -
Subject:	BUSINESS & ECONOMICS / Finance -
Online resource:	http://www.palgraveconnect.com/doifinder/10.1057/9781137293862
Notes:	Description based on print version record
Summary:	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.
ISBN:	9781137293862electronic bk.
ISBN:	1137293861electronic bk.
Content Note:	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.

OTC derivatives : bilateral trading and central clearing : an introduction to regulatory policy, market impact and systemic risk
Murphy, David

OTC derivatives : bilateral trading and central clearing : an introduction to regulatory policy, market impact and systemic risk / David Murphy. - Houndmills, Basingstoke, Hampshire : Palgrave Macmillan, 2013. - 1 online resource (xi, 287 pages).. - (Global financial markets series).
PART I: UNDERSTANDING BILATERAL RELATIONSHIPS.
Description based on print version record.
Includes bibliographical references and index.
ISBN 9781137293862ISBN 1137293861
Derivative securities.Over-the-counter markets.BUSINESS & ECONOMICS / Finance

OTC derivatives : bilateral trading and central clearing : an introduction to regulatory policy, market impact and systemic risk
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300 $a Description based on print version record
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327 1 $a PART I: UNDERSTANDING BILATERAL RELATIONSHIPS $a 1.Over-the-Counter Derivatives and Repurchase Agreements $a 2.Bilateral Relationships $a 3.Risks in Bilateral Relationships $a 4.Bilateral Relationships in the Crisis $a PART II $a 5.The New Model $a 6.Relationships in a Trilateral World $a 7.Risks $a 8.Design Choices and Financial Stability $a 9.The Future.
330 $a 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.
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606 $a Over-the-counter markets. $3 121788
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680 $a HG6024.A3 $b M865 2013
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830 0 $a Global financial markets (Houndmills, Basingstoke, England)
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