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Reducing Risks And Improving Oversight In The Otc Credit Derivatives Market
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Author :United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Securities, Insurance, and Investment Publisher : ISBN 13 : Total Pages :172 pages Book Rating :4.3/5 (91 download)
Book Synopsis Reducing Risks and Improving Oversight in the OTC Credit Derivatives Market by : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Securities, Insurance, and Investment
Download or read book Reducing Risks and Improving Oversight in the OTC Credit Derivatives Market written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Securities, Insurance, and Investment and published by . This book was released on 2010 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Congress Publisher :Createspace Independent Publishing Platform ISBN 13 :9781983421488 Total Pages :172 pages Book Rating :4.4/5 (214 download)
Book Synopsis Reducing Risks and Improving Oversight in the OTC Credit Derivatives Market by : United States. Congress
Download or read book Reducing Risks and Improving Oversight in the OTC Credit Derivatives Market written by United States. Congress and published by Createspace Independent Publishing Platform. This book was released on 2017-12-30 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reducing risks and improving oversight in the OTC credit derivatives market : hearing before the Subcommittee on Securities and Insurance and Investment of the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Tenth Congress, second session ... Wednesday, July 9, 2008.
Book Synopsis Reducing Risks and Improving Oversight in the OTC Credit Derivatives Market by : United States Senate
Download or read book Reducing Risks and Improving Oversight in the OTC Credit Derivatives Market written by United States Senate and published by . This book was released on 2019-10-21 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reducing risks and improving oversight in the OTC credit derivatives market: hearing before the Subcommittee on Securities and Insurance and Investment of the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Tenth Congress, second session ... Wednesday, July 9, 2008.
Book Synopsis S. Hrg. 110-1007 by : U.S. Government Printing Office (Gpo)
Download or read book S. Hrg. 110-1007 written by U.S. Government Printing Office (Gpo) and published by BiblioGov. This book was released on 2013-10 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United States Government Printing Office (GPO) was created in June 1860, and is an agency of the U.S. federal government based in Washington D.C. The office prints documents produced by and for the federal government, including Congress, the Supreme Court, the Executive Office of the President and other executive departments, and independent agencies. A hearing is a meeting of the Senate, House, joint or certain Government committee that is open to the public so that they can listen in on the opinions of the legislation. Hearings can also be held to explore certain topics or a current issue. It typically takes between two months up to two years to be published. This is one of those hearings.
Author :United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs Publisher : ISBN 13 : Total Pages : pages Book Rating :4.:/5 (642 download)
Book Synopsis Reducing Risks and Improving Oversight in the OTC Credit Derivatives Market, S. Hrg. 110-1007, July 9, 2008, 110-2 Hearing, * by : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
Download or read book Reducing Risks and Improving Oversight in the OTC Credit Derivatives Market, S. Hrg. 110-1007, July 9, 2008, 110-2 Hearing, * written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 2010* with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States Congress Senate Committee Publisher :Scholar's Choice ISBN 13 :9781297010507 Total Pages :174 pages Book Rating :4.0/5 (15 download)
Book Synopsis Reducing Risks and Improving Oversight in the OTC Credit Derivatives Market - Scholar's Choice Edition by : United States Congress Senate Committee
Download or read book Reducing Risks and Improving Oversight in the OTC Credit Derivatives Market - Scholar's Choice Edition written by United States Congress Senate Committee and published by Scholar's Choice. This book was released on 2015-02-14 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Author :United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Securities, Insurance, and Investment Publisher : ISBN 13 : Total Pages :196 pages Book Rating :4.:/5 (327 download)
Book Synopsis Over-the-counter Derivatives by : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Securities, Insurance, and Investment
Download or read book Over-the-counter Derivatives written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Securities, Insurance, and Investment and published by . This book was released on 2010 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book OTC Derivatives written by Cecile O. Trop and published by DIANE Publishing. This book was released on 1998-12 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reviews the sales practices for over-the-counter (OTC) derivatives, mortgage-backed securities (MBS), and structured notes. Analyzes fed. sales practice requirements applicable to these products and the dealers marketing them. Reports on the extent of end-user satisfaction with sales practices, product use and related disputes and the costs of these disputes. Includes the views of end-users and dealers on the nature of their relationship and responsibilities and the actions dealers and end-users have taken to reduce the potential for sales practice disputes, and the actions regulators have taken to address sales practice issues.
Book Synopsis Framework for Voluntary Oversight by : Derivatives Policy Group
Download or read book Framework for Voluntary Oversight written by Derivatives Policy Group and published by . This book was released on 1995 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs Publisher : ISBN 13 : Total Pages :100 pages Book Rating :4.:/5 (319 download)
Book Synopsis Implementing Derivatives Reform by : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
Download or read book Implementing Derivatives Reform written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 2013 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Collateral, Netting and Systemic Risk in the OTC Derivatives Market by : Mr.Manmohan Singh
Download or read book Collateral, Netting and Systemic Risk in the OTC Derivatives Market written by Mr.Manmohan Singh and published by International Monetary Fund. This book was released on 2010-04-01 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: To mitigate systemic risk, some regulators have advocated the greater use of centralized counterparties (CCPs) to clear Over-The-Counter (OTC) derivatives trades. Regulators should be cognizant that large banks active in the OTC derivatives market do not hold collateral against all the positions in their trading book and the paper proves an estimate of this under-collateralization. Whatever collateral is held by banks is allowed to be rehypothecated (or re-used) to others. Since CCPs would require all positions to have collateral against them, off-loading a significant portion of OTC derivatives transactions to central counterparties (CCPs) would require large increases in posted collateral, possibly requiring large banks to raise more capital. These costs suggest that most large banks will be reluctant to offload their positions to CCPs, and the paper proposes an appropriate capital levy on remaining positions to encourage the transition.
Book Synopsis Post-Trade Processing of OTC Derivatives by : Olga Lewandowska
Download or read book Post-Trade Processing of OTC Derivatives written by Olga Lewandowska and published by BoD – Books on Demand. This book was released on 2020-04-30 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: The financial crisis of 2007–2009 exposed the weaknesses of the global over-the-counter (OTC) derivatives market such as limited transparency regarding risk exposures, poor counterparty risk management practices, and the risk of contagion arising from interconnectedness in this market. In the aftermath of the financial crisis, regulators introduced worldwide legislative and regulatory changes aimed at increasing the transparency and stability of the financial markets. In this book, Dr. Olga Lewandowska explores those novel regulatory solutions and their impact. The main focus is on central counterparty (CCP) clearing that became mandatory for OTC derivatives under the new regulatory paradigm. In four research papers, she analyzes CCP from different risk perspectives and based on four diverse research methods. Her book offers a comprehensive assessment of the risk-reduction potential of the CCPs, their implications for the financial markets, and the practical challenges in the implementation of the recent financial market reforms.
Book Synopsis The Regulation of Otc Derivatives and the Global Financial Crisis by : Shahboz Fattaev
Download or read book The Regulation of Otc Derivatives and the Global Financial Crisis written by Shahboz Fattaev and published by LAP Lambert Academic Publishing. This book was released on 2012 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The book discusses how to reduce risks associated with OTC derivatives and how to increase derivatives market transparency in order to prevent future financial turmoil. It is suggested that, moving OTC derivatives to central counterparties (CCPs) reduces counterparty risks, but it requires additional costs and weakens incentives for market participants to move their transactions to CCPs. Trading derivatives in organized trading venues increases market transparency, but it also requires huge investments to establish trading in such venues. This book discusses about such problems to improve risk management in OTC derivatives market. Thus this book is carried out to fulfill several motivations and it is important for many parties, such as regulators, investors, banks, hedge funds and other financial institutions. In addition, the book is useful for undergraduate, graduate and postgraduate students interested in the regulation of financial derivatives and the global financial crisis."
Book Synopsis Recommendations for Central Counterparties by : Group of Ten. Committee on Payment and Settlement Systems
Download or read book Recommendations for Central Counterparties written by Group of Ten. Committee on Payment and Settlement Systems and published by . This book was released on 2004 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Systemic Risk: Regulatory Oversight and Recent Initiatives to Address Risk Posed by Credit Default Swaps by : Orice M. Williams
Download or read book Systemic Risk: Regulatory Oversight and Recent Initiatives to Address Risk Posed by Credit Default Swaps written by Orice M. Williams and published by DIANE Publishing. This book was released on 2009-09 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. financial system is more prone to systemic risk today than ever before. Credit default swaps (CDS) are one of the products that have assumed a key role in financial markets. This statement discusses: (1) the extent to which U.S. financial regulators and the UK regulator oversee CDS; (2) risks and challenges that CDS present to the stability of financial markets and institutions and similar concerns that other products may pose; and (3) the recent steps that financial regulators and the industry have taken to address risks pose by CDS and similar efforts that may be warranted for other financial products. Illustrations.
Book Synopsis Making OTC Derivatives Safe by : Mr. Manmohan Singh
Download or read book Making OTC Derivatives Safe written by Mr. Manmohan Singh and published by International Monetary Fund. This book was released on 2011-03-01 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent regulatory efforts, especially in the U.S. and Europe, are aimed at reducing moral hazard so that the next financial crisis is not bailed out by tax payers. This paper looks at the possibility that central counterparties (CCPs) may be too-big-to-fail entities in the making. The present regulatory and reform efforts may not remove the systemic risk from OTC derivatives but rather shift them from banks to CCPs. Under the present regulatory overhaul, the OTC derivative market could become more fragmented. Furthermore, another taxpayer bailout cannot be ruled out. A reexamination of the two key issues of (i) the interoperability of CCPs, and (ii) the cost of moving to CCPs with access to central bank funding, indicates that the proposed changes may not provide the best solution. The paper suggests that a tax on derivative liabilities could make the OTC derivatives market safer, particularly in the transition to a stable clearing infrastructure. It also suggests reconsideration of a "public utility" model for the OTC market infrastructure.
Book Synopsis Systemic Risk by : Orice M. Williams
Download or read book Systemic Risk written by Orice M. Williams and published by . This book was released on 2009 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. financial system is more prone to systemic risk today because (1) the current U.S. financial regulatory system is not designed to adequately oversee today's large and interconnected financial institutions, (2) not all financial activities and institutions fall under the direct purview of financial regulators, and (3) market innovations have led to the creation of new and sometimes complex products that were not envisioned as the current regulatory system developed. Credit default swaps (CDS) are one of the products that have assumed a key role in financial markets. My statement will discuss (1) the extent to which U.S. financial regulators and the UK regulator oversee CDS, (2) risks and challenges that CDS present to the stability of financial markets and institutions and similar concerns that other products may pose, and (3) the recent steps that financial regulators and the industry have taken to address risks pose by CDS and similar efforts that may be warranted for other financial products. GAO reviewed research studies and congressional testimonies. We interviewed financial regulators and a variety of financial market participants. In January 2009, GAO designated the financial regulatory system as a high-risk area in need of congressional attention. Issues involving systemic risk regulation in general and CDS in particular should be considered as part of that effort. The current regulatory structure for CDS does not provide any one regulator with authority over all participants in the CDS market, making it difficult to monitor and manage potential systemic risk. Federal oversight of CDS trading and monitoring of the CDS market are largely conducted through the banking regulators' safety and soundness oversight of supervised banks that act as CDS dealers. The Securities and Exchange Commission and the Commodity Futures Trading Commission lack the authority to regulate CDS broadly as financial products. Regulators have sought to address potential systemic risks arising from CDS activities mainly through collaborative efforts with other supervisors and key market participants. However, the extent to which regulators routinely monitor the CDS activity of unregulated market participants is unclear. The Financial Services Authority in the United Kingdom has authority over most CDS products and can collect information about the CDS market, but it has pursued most of its regulatory efforts in collaboration with U.S. regulators. CDS pose a number of risks to institutions and markets, many of which are not unique. These include counterparty credit, operational, concentration, and jump-to-default risks. Market participants and observers noted that CDS referencing asset-backed securities (ABS) and collateralized debt obligations (CDOs), particularly those related to mortgages, currently pose greater risks to institutions and markets than other types of CDS. Other risks and challenges from CDS relate to the lack of transparency in CDS markets, the potential for manipulation related to the use of CDS as a price discovery mechanism, and the use of CDS for speculative purposes. Regulators and market participants noted that over-the-counter (OTC) derivatives, to varying degrees, may pose some similar risks and a few identified equity derivatives as the OTC derivatives that were most similar to CDS. Financial regulators and market participants have initiated several efforts to mitigate these risks. These efforts target primarily operational and counterparty credit risks and include improving the operational infrastructure of CDS markets, creating a clearinghouse or central counterparty process to clear CDS trades, and establishing a central trade registry for CDS. If effectively implemented and sustained, these initiatives could begin to address some of the risks noted. But the effectiveness of these recent initiatives could be limited because participation is voluntary and regulators lack the authority to require all market participants to report their trades to a repository. Moreover, customized and highly structured CDS, which can include CDS with complex reference entities that may present additional risks, generally lack the standardization necessary for centralized clearing. Other ideas to reform CDS markets, such as mandatory clearing or limiting some types of trades, have important limitations that would need to be addressed. Finally, many participants and observers agreed that OTC derivatives other than CDS generally share some of the same risks and could benefit from similar efforts to mitigate their impact.
