Front Matter
Author:
Ms. Froukelien Wendt
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https://orcid.org/0000-0003-2087-8630

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

  • Collapse
  • Expand
Central Counterparties: Addressing their Too Important to Fail Nature
Author:
Ms. Froukelien Wendt