Central Counterparties PDF ePub eBook

Books Info:

Central Counterparties free pdf Practical guidance toward handling the latest changes to the OTC derivatives market Central Counterparties is a practical guide to central clearing and bilateral margin requirements, from one of the industry's most influential credit practitioners. With up-to-date information on the latest regulations imposed after the global financial crisis, this book covers the mechanics of the clearing process and analyses the resulting consequences. Detailed discussion explains the ways in which the very significant clearing and margining rules will affect the OTC derivatives market and the financial markets in general, with practical guidance toward implementation and how to handle the potential consequences. Over-the-counter derivatives were blamed by many for playing a major role in the 2007 financial crisis, resulting in a significant attention and dramatic action by policymakers, politicians, and regulators to reduce counterparty credit risk which was seen as a major issue in the crisis. The two most important regulatory changes are the mandatory clearing of standardised OTC derivatives, and the requirements for bilateral margin posting in non-standard OTC contracts. Central Counterparties is a complete reference guide to navigating these changes, providing clarification and practical advice. * Review the mitigation of counterparty credit risk with the historical development of central clearing * Clarify the latest regulatory requirements imposed by Dodd-Frank, EMIR, Basel III and more * Learn the mechanics of central clearing, with special attention to complex issues such as margin calculations, the loss waterfall, client clearing and regulatory capital rules * Gain insight into the advantages and disadvantages of clearing and bilateral margin requirements, and the potential issues that arise As the clearing and margining mandates are phased in, the associated costs will be severe enough to dramatically shift the topology of the financial markets and transform the nature of risk. Central Counterparties provides the information, clarification and expert insight market practitioners need to get up to speed quickly.

About Jon Gregory

DR JON GREGORY is a partner at Solum Financial Partners LLP and specialises in counterparty risk and CVA related consulting and advisory projects. He has worked on many aspects of credit risk in his career, being previously with Barclays Capital, BNP Paribas and Citigroup. He is author of the book Counterparty Credit Risk and Credit Value Adjustment: A Continuing Challenge for Global Financial Markets Second Edition . Jon holds a PhD from Cambridge University.

Details Book

Author : Jon Gregory
Publisher : John Wiley
Data Published : 13 June 2014
ISBN : 1118891511
EAN : 9781118891513
Format Book : PDF, Epub, DOCx, TXT
Number of Pages : 328 pages
Age + : 15 years
Language : English
Rating :

Reviews Central Counterparties

17 Comments Add a comment

Related eBooks Download

  • Pricing and Hedging Financial Derivatives free pdfPricing and Hedging Financial Derivatives

    The only guide focusing entirely on practical approaches to pricing and hedging derivatives One valuable lesson of the financial crisis was that derivatives and risk practitioners don't really understand the products they're dealing with..

  • Credit Derivatives free pdfCredit Derivatives

    Every company faces credit risk. Credit derivatives are among the most powerful tools available for managing it. Once restricted to the financial industry. they are now widely used by businesses of all kinds-and all financial professionals need to understand them..

  • The Risk Controllers free pdfThe Risk Controllers

    Clearing houses. or CCPs. were among the very few organisations to emerge from the global financial crisis with their standing enhanced. In the chaotic aftermath of the bankruptcy of Lehman Brothers..

  • The Oxford Handbook of Credit Derivatives free pdfThe Oxford Handbook of Credit Derivatives

    From the late 1990s. the spectacular growth of a secondary market for credit through derivatives has been matched by the emergence of mathematical modelling analysing the credit risk embedded in these contracts..

  • Long-Term Portfolio Simulation free pdfLong-Term Portfolio Simulation

    The changes in financial markets and regulatory environment following the financial crisis created many new analytics requirements. These requirements include those for computing CVA..

  • Central Counterparties free pdfCentral Counterparties

    Read Books Online For Free. Practical guidance toward handling the latest changes to the OTC derivatives market Central Counterparties is a practical guide to central clearing and bilateral margin req