Download This PaperMonitoring CCP Exposure, in Real Time If Needed
"Achieving Financial Stability: Challenges to Prudential Regulation," edited by Douglas D. Evanoff, George G. Kaufman, Agnese Leonello, and Simone Manganelli (2017); ISBN-13: 978-9813223394
8 Pages Posted: 12 Jan 2018 Last revised: 16 Jan 2018
Date Written: November 4, 2016
Abstract
In this book chapter I review the insights that I developed when writing three papers on CCPs. In the process I benefitted greatly from an emerging academic literature on central clearing, from participants' feedback at conferences and seminars where I presented my work, and from various interactions with clearing houses, in particular with their risk management committees.
Keywords: CCP, margin, systemic risk, risk management
JEL Classification: G10
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