Front Matter Page
Monetary and Capital Markets
Contents
Abstract
I. Introduction
II. Benefits and Costs of Central Clearing
III. Interconnectedness of Central Counterparties
IV. Are the Current Measures Sufficient?
V. Additional Measures
VI. Conclusions
References
Tables
1. Benefits and Costs of CCPs
2. Size of Markets and Activity of CCPs, 2013
3. Governance Structures of Largest CCPs Worldwide
4. Current Measures to Reduce the Probability and Impact of a CCP’s Failure
5. Proposed Measures to Reduce Systemic Risks
Figure 1. Possible Contagion Channels in a CCP’s Ecosystem
Box 1. The CCP Risk Waterfall