Results 91 to 100 of about 35,019 (249)
Contracting innovations and the evolution of clearing and settlement methods at futures exchanges [PDF]
Defining futures contracts as substitutes for associated cash transactions enables a discussion of the evolution of controls over contract nonperformance risk. These controls are incorporated into exchange methods for clearing contracts.
James T. Moser
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Central counterparties – risk minimizers?
The Central European Review of Economics and Management, 2018 Aim: Recently, central counterparties (CCPs) have gained on popularity due to their positive impact on the financial markets during crisis (limiting contagion on cleared instruments). The post-crisis reforms favored CCPs as risk minimizers. The aim of the article is to critically assess the functioning of the CCPs and their role in the financial system.
openaire +3 more sources
Procedia Economics and Finance, 2014 AbstractThe Basel Committee on Banking Supervision (BCBS) has a policy framework for how clearing member banks should treat their exposures to central counterparties (CCPs). Default funds play a crucial role as a risk mitigant in this framework. Furthermore, the Committee on Payment and Settlement Systems and Technical Committee of the International ...
Kotzé, Antonie +1 more
openaire +1 more source
Legal Brokers of Chinese Investment in Cambodia: Compliance Between Contract and Culture
Regulation &Governance, EarlyView.ABSTRACT In conventional understandings of compliance, lawyers and compliance officers internalize compliance within corporations. Complicating this model, this article argues that compliance professionals may occupy a Janus‐faced role between informality and formality.
Matthew S. Erie +2 more
wiley +1 more source
Repo markets, counterparty risk and the 2007/2008 liquidity crisis [PDF]
A standard repurchase agreement between two counterparties is considered to examine the endogenous choice of collateral assets, the feasibility of secured lending, and welfare implications of the central bank’s collateral framework.
Ewerhart, Christian, Tapking, Jens
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Utilization Schemes of the Pre-Settlement Risk Limits
Finanse i Prawo FinansoweThe purpose of the article is to investigate the selected method employed to manage the counterparty credit risk, namely the application of various risk limits.
Piotr Wybieralski
doaj +1 more source
Coaxing Compliance: Ethiopian Lawyers, Chinese Companies, and the Cultivation of Respect
Regulation &Governance, EarlyView.ABSTRACT Over the past three decades, a growing number of Chinese enterprises have entered Ethiopia's construction and manufacturing sectors as contractors and investors. While adapting to a new regulatory environment, many of these companies have faced administrative challenges and accusations of noncompliance, some of which have been brought to court.
Miriam Driessen
wiley +1 more source
A corporate client of the Bank: to take or not to take
Ученые записки Российской академии предпринимательства, 2021 Banks need clients as well as clients need banks. They complement one another. This is the clearest demonstration of the very essence of the economy - activity of society, as well as aggregate relations in the system of production, distribution, exchange
A. V. Dormidontov
doaj
Regulation &Governance, EarlyView.ABSTRACT Much of scholarly writing on compliance is derived from the experiences of Western multi‐national corporations operating in developed economies. This introduction to the special issue “China in Compliance” departs from such convention by asking how compliance works in China.
Matthew S. Erie
wiley +1 more source
Risk-sharing or risk-taking? Counterparty risk, incentives and margins [PDF]
We analyze optimal hedging contracts and show that although hedging aims at sharing risk, it can lead to more risk-taking. News implying that a hedge is likely to be loss-making undermines the risk-prevention incentives of the protection seller.
Bruno Biais +2 more
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