The Law And Regulation Of Central Counterparties

Author: Jiabin Huang
Publisher: Bloomsbury Publishing
ISBN: 1847316093
Size: 75.99 MB
Format: PDF
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The book begins by describing in detail basic elements of modern post-trade infrastructure, exploring the modern functional and operational aspects of CCPs in the markets.

Central Counterparties Addressing Their Too Important To Fail Nature

Author: Froukelien Wendt
Publisher: International Monetary Fund
ISBN: 1498353983
Size: 74.58 MB
Format: PDF, ePub
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I. INTRODUCTION Central counterparties (CCPs) acted like firewalls during the
global financial crisis in 2008. ... In 2009, the firewall capacity of CCPs has been
one of the drivers of the G20 decision to mandate central clearing for
standardized OTC derivatives. The decision ... International standards increase
requirements for CCPs, jurisdictions are implementing these requirements into
their legal and regulatory frameworks, and recovery and resolution regimes are
being developed.

Central Counterparties

Author: Jon Gregory
Publisher: John Wiley & Sons
ISBN: 1118891589
Size: 45.62 MB
Format: PDF, ePub, Docs
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Mandatory Central Clearing and Initial Margin Requirements for OTC Derivatives
Jon Gregory ... in lower operational costs (less needtobea member of multiple
CCPs), lower margin costs(smaller initial margins and potential variation margin
offset), andhigher netting benefits as well as circumventing potential regulatory
issues where banks must clear through ... Thisisnot trivial todo,especially across
different jurisdictions whereaspects such as regulation and bankruptcy
lawsmaydiffer.

Research Handbook On International Financial Regulation

Author: Kern Alexander
Publisher: Edward Elgar Publishing
ISBN: 0857930451
Size: 36.10 MB
Format: PDF, Kindle
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Editors' abstract: Dr Chryssa Papantahssiou analyses how central counterparties
mitigate counterparty risk and thus are conducive to financial stability. CCPs'
service is ... Public authorities have in the past shared an interest in the legal
protection of fundamental procedures which a CCP undertakes. The EU is ... 11
Central counterparties and derivatives Chryssa Papathanassiou 12 The
European regulation of central counterparties: some international challenges.
217 11 Central ...

Thailand Financial Sector Assessment Program

Author:
Publisher: International Monetary Fund
ISBN:
Size: 59.78 MB
Format: PDF, ePub
View: 1327
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This network does not offer a high level of data transfer protection and the data
can be converted into international standards with considerable difficulty. For
government bonds, SWIFT message is used. 17. CSDs and central
counterparties should provide market participants with sufficient information for
them to accurately identify the risks and costs associated with using the CSD or
central counterparty services. O Laws, regulations, systems' rules, and fees are
part of the contractual ...

Europ Isches Kollisionsrecht Des Effektengiros

Author: Michael Born
Publisher: Mohr Siebeck
ISBN: 9783161522376
Size: 64.67 MB
Format: PDF, ePub, Mobi
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... Law Journal Central Counterparty Clearing and Settlement Advisory and
Monitoring Expert Group (Sachverständigengruppe für Clearing und Abrechnung
) Center of Main Interest Cornell International Law Journal Capital Markets Law
Journal Common Market Law Review Committee on Payment and Settlement
Systems (Ausschuss für Zahlungsverkehrs- und Abrechnungssysteme) Capital
Requirements Directive Capital Requirements Regulation Central Securities
Depository ...

European Union

Author: International Monetary Fund. Monetary and Capital Markets Department
Publisher: International Monetary Fund
ISBN: 1475562063
Size: 26.83 MB
Format: PDF, ePub, Mobi
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Publication of Financial Sector Assessment Program Documentation—Technical
Note on Cross-Border Issues, Central Counterparties, and Central Securities
Depositories International Monetary Fund. Monetary and Capital Markets ...
Inconsistencies do however exist between the legal and regulatory frameworks in
the EU, the U.S., and elsewhere regarding OTC derivatives clearing, threatening
the safety and efficiency of OTC derivatives clearing. Following the G20
agreement to ...

Limiting Taxpayer Puts An Example From Central Counterparties

Author: Mr. Manmohan Singh
Publisher: International Monetary Fund
ISBN: 1498385389
Size: 16.26 MB
Format: PDF, Docs
View: 4380
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This setup would reduce the need for central bank liquidity (or government
support more generally). It would also give more time to resolve the complex
legal issues surrounding the recovery (i.e., in CCPs domain) procedures of CCPs
. Modeling the contagion from defaults by one or more ... CCPs to CMs from the
use of VMGH will be contained. Furthermore, the derivatives network continues to
change due to the evolving regulations that bifurcates the derivatives market into
CCPs ...

Capital Requirements For Over The Counter Derivatives Central Counterparties

Author: Ms. Li Lin
Publisher: International Monetary Fund
ISBN: 1475571771
Size: 56.85 MB
Format: PDF, ePub, Docs
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CCPs active in the OTC-D space novate traded contracts between counterparties
, i.e., they become a buyer to one party and a seller to the other. In practice,
where clearing is conducted on a strict ... Industry practice and now regulation
require that such exposures be fully provisioned on a daily basis. The amount of
provisioning arising from a ... 6 The legal relationship between the CCP, the CMs
and their clients will vary across jurisdictions. Annex A details the current
membership of ...

The Consequences Of The Global Financial Crisis

Author: Wyn Grant
Publisher: Oxford University Press
ISBN: 0199641986
Size: 57.31 MB
Format: PDF, ePub, Docs
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Flanagan, S. M. (2001) “The Rise of a Trade Association: Group Interactions with
the International Swaps and Derivatives Association,” Harvard Negotiation Law
Review 6: 211–64. G20 (2009) “London Summit Communique April 2, 2009,”
Accessed at http://www. londonsummit.gov.uk/resources/en/news/15766232/
communique-020409 on 6 July 2009. Glass, A. W. (2009) “The Regulatory Drive
Towards Central Counterparty Clearing of OTC Derivatives and the Necessary
Limits on ...