Download This PaperCentral Clearing: Trends and Current Issues
18 Pages Posted: 8 Dec 2015
Date Written: December 6, 2015
Abstract
Central clearing of standardised financial instruments, as promoted by the G20 Leaders, addresses some of the financial stability risks that materialised during the Great Financial Crisis. Its rapid evolution since 2009 may have changed the linkages between central counterparties and the rest of the financial system. Against the backdrop of these trends, this article discusses how, and through which mechanisms, central clearing might have affected systemic risk.
JEL Classification: G01, G14, G18, G28
Suggested Citation: Suggested Citation
Domanski, Dietrich and Gambacorta, Leonardo and Picillo, Cristina, Central Clearing: Trends and Current Issues (December 6, 2015). BIS Quarterly Review December 2015, Available at SSRN: https://ssrn.com/abstract=2700257
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