The Future of European Post-Trading: Consequences for Risk Management in View of the Financial Crisis

Goethe University - E-Finance Lab Discussion Paper No. 17/2010

24 Pages Posted: 3 Feb 2011 Last revised: 7 Jun 2011

See all articles by Michael Chlistalla

Michael Chlistalla

Goethe University Frankfurt Faculty of Economics and Business Administration

Peter Gomber

Goethe University Frankfurt Faculty of Economics and Business Administration

Torsten Schaper

Deutsche Börse Group

Date Written: March 1, 2010

Abstract

The European post-trading landscape is recently changing fundamentally due to regulatory actions, the financial crisis, and the strong linkage of the global financial markets. The systemic importance of post-trading infrastructures underlines the industry’s significant dependence on safe and efficient risk management processes. Using the Delphi methodology in a study among a multitude of experts from different areas of post-trading, we developed a joint and coherent view of the most important issues relating to risk management the post-trading system has to cope with.

Keywords: Delphi Study, Post-Trading, Financial Crisis, Risk Management

Suggested Citation

Chlistalla, Michael and Gomber, Peter and Schaper, Torsten, The Future of European Post-Trading: Consequences for Risk Management in View of the Financial Crisis (March 1, 2010). Goethe University - E-Finance Lab Discussion Paper No. 17/2010. Available at SSRN: https://ssrn.com/abstract=1753624 or http://dx.doi.org/10.2139/ssrn.1753624

Michael Chlistalla (Contact Author)

Goethe University Frankfurt Faculty of Economics and Business Administration ( email )

Grueneburgplatz 1
Frankfurt am Main, 60323
Germany

HOME PAGE: http://www.efinancelab.de/no_cache/team/?user_wiwipubs_pi2[showUid]=686

Peter Gomber

Goethe University Frankfurt Faculty of Economics and Business Administration ( email )

Grueneburgplatz 1
Frankfurt am Main, 60323
Germany

HOME PAGE: http://www.efinancelab.de/no_cache/team/?user_wiwipubs_pi2[showUid]=478

Torsten Schaper

Deutsche Börse Group ( email )

Frankfurt, 60485
Germany

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