Reforming the Over-the-Counter Derivatives Market: What's to Be Gained?
While derivative financial instruments have made the hedging and exchange of risk more efficient, the recent crisis showed that they also pose a substantial threat to financial stability in times of systemic turmoil. Underlying much of this threat is the lack of transparent reporting in the over-the...
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| Veröffentlicht in: | Federal Reserve Bank of Cleveland. Economic Commentary 2010-07 (2010-6), p.1 |
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| container_title | Federal Reserve Bank of Cleveland. Economic Commentary |
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| creator | Cherny, Kent Craig, Ben R |
| description | While derivative financial instruments have made the hedging and exchange of risk more efficient, the recent crisis showed that they also pose a substantial threat to financial stability in times of systemic turmoil. Underlying much of this threat is the lack of transparent reporting in the over-the-counter market for these instruments. This Commentary discusses the advantages of one solution to the transparency problem: moving the settlement or trading of derivatives to exchanges or clearinghouses. [PUBLICATION ABSTRACT] |
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| identifier | ISSN: 0428-1276 |
| ispartof | Federal Reserve Bank of Cleveland. Economic Commentary, 2010-07 (2010-6), p.1 |
| issn | 0428-1276 2163-3738 |
| language | eng |
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| source | Alma/SFX Local Collection; EZB Electronic Journals Library |
| subjects | Clearinghouses Credit default swaps Credit risk Default Derivatives Economic crisis Financial instruments Hedging Investments Over the counter trading Regulation of financial institutions Regulatory agencies Regulatory reform Risk exposure Software industry |
| title | Reforming the Over-the-Counter Derivatives Market: What's to Be Gained? |
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