Purpose This paper aims to discuss the European Commission's proposal for a central
counterparty (CCP) recovery and resolution regulation. In this respect, the paper comments …

Regulatory changes are transforming the multitrillion dollar swaps market from a network of
bilateral contracts to one in which swaps are cleared through central counterparties (CCPs) …

The childhood of Aeneas is obscure—no birth certificate; but we can be sure he was the
bastard son of a goddess, one made of sea-foam, seed of Ouranos, domiciled in Paphos …

Multi-asset class, multimarket central counterparties (CCPs) are becoming less uncommon
as a result of merges between specialized (single-asset class, single market) CCPs and …

Central counterparties (CCPs) are designed to reduce aggregate counterparty credit risk
and function as market infrastructures for capital markets in securities and derivatives …

In this chapter, we discuss a special form of financial market infrastructure—the central
counterparty clearing house (or CCP). Central clearing involves the substitution of a CCP as …

Central clearing is a major part of the policy response to the financial crisis of 2008, aiming
to reign in counterparty credit risk in derivatives markets. I perform an empirical study of the …

The aim of this study was to investigate loss absorption capacity of central counterparties.
The qualitative and quantitative analysis was based on PQD data provided by 15 EU …

This paper describes the changes taking place in derivatives markets as a result of the 2007–
2009 credit crisis. It discusses the developments of new platforms for trading, the use of …

This chapter provides a schematic of central counterparties (CCPs). The key activities of
CCPs are outlined, and the significance of the novation of contracts–a key aspect of CCPs …