Journal Article

Central Clearing: Risks and Customer Protections

Abstract: In the wake of the 2008 global financial crisis, the Group of Twenty (G-20) developed a regulatory reform program for derivatives contracts. This article examines the impact of the market structure change and associated customer protection frameworks on risks faced by market participants.

Keywords: Over-the-Counter (OTC); credit risks; liquidity;

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Bibliographic Information

Provider: Federal Reserve Bank of Chicago

Part of Series: Economic Perspectives

Publication Date: 2015

Issue: Q IV

Pages: 90-100