OTC Derivatives: Bilateral Trading and Central Clearing
An Introduction to Regulatory Policy, Market Impact and Systemic Risk| By: | David Murphy |
| Publisher: | Springer Nature |
| Print ISBN: | 9781137293855 |
| eText ISBN: | 9781137293862 |
| Edition: | 0 |
| Copyright: | 2013 |
| Format: | Reflowable |
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After the credit crisis, supervisors enacted a range of financial reforms. In particular, they radically changed the nature of the OTC derivatives market via a number of measures, notably mandatory central clearing. This book discusses the market before the crisis, explains what central clearing is, and outlines the consequences of the new rules.