Author : Group of Ten. Committee on Payment and Settlement Systems
Publisher :
Page : 80 pages
File Size : 24,29 MB
Release : 2004
Category : Clearing of securities
ISBN :
Author : Mr.Jens Nystedt
Publisher : International Monetary Fund
Page : 49 pages
File Size : 43,62 MB
Release : 2004-04-01
Category : Business & Economics
ISBN : 145184820X
Recent regulatory initiatives in the United States have again raised the issue of a 'level regulatory and supervisory playing field' and the degree of competition globally between over-the-counter (OTC) derivatives and organized derivative exchange (ODE) markets. This paper models some important aspects of how an ODE market interrelates with the OTC markets. It analyzes various ways in which an ODE market can respond to competition from the OTC markets and considers whether ODE markets would actually benefit from a more level playing field. Among other factors, such as different transaction costs, different abilities to mitigate credit risk play a significant role in determining the degree of competition between the two types of markets. This implies that a potentially important service ODE markets can provide OTC market participants is to extend clearing services to them. Such services would allow the OTC markets to focus more on providing less competitive contracts/innovations and instead customize its contracts to specific investors' risk preferences and needs.
Author : Hau Harald
Publisher : International Monetary Fund
Page : 45 pages
File Size : 22,79 MB
Release : 2019-05-07
Category : Business & Economics
ISBN : 1498303773
New regulatory data reveal extensive price discrimination against non-financial clients in the FX derivatives market. The client at the 90th percentile pays an effective spread of 0.5%, while the bottom quarter incur transaction costs of less than 0.02%. Consistent with models of search frictions in over-the-counter markets, dealers charge higher spreads to less sophisticated clients. However, price discrimination is eliminated when clients trade through multi-dealer request-for-quote platforms. We also document that dealers extract rents from captive clients and market opacity, but only for contracts negotiated bilaterally with unsophisticated clients.
Author : Rob Quail
Publisher : John Wiley & Sons
Page : 337 pages
File Size : 43,55 MB
Release : 2003-03-20
Category : Business & Economics
ISBN : 0471467669
"Financial Derivatives" - Jetzt neu in der 3. komplett überarbeiteten Auflage! Dieses umfassende Nachschlagewerk bietet eine gründliche Einführung in das Thema Finanzderivate und ihre Bedeutung für das Risikomanagement im Unternehmensumfeld. Es vermittelt fundierte Kenntnisse zum Thema Finanzderivate, und zwar mit einem verständlich gehaltenen Minimum an Finanzmathematik, was Preisbildung und Bewertung angeht. Mit einer breitgefächerten Übersicht über die verschiedenen Arten von Finanzderivaten. Mit neuem Material zu Kreditderivaten und zur Kreditrisikobewertung bei Derivaten. Mit neuen und ausführlicheren Informationen zu den Themen Finanztechnik und strukturierte Finanzprodukte. "Financial Derivatives" - Ein unverzichtbarer Ratgeber für alle Finanzexperten im Bereich Risikomanagement.
Author :
Publisher : Aspen Law & Business Publishers
Page : 254 pages
File Size : 43,15 MB
Release : 2002
Category : Business & Economics
ISBN :
Author : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Securities, Insurance, and Investment
Publisher :
Page : 172 pages
File Size : 28,92 MB
Release : 2010
Category : Business & Economics
ISBN :
Author : Sabine Urban
Publisher : Springer Science & Business Media
Page : 335 pages
File Size : 23,72 MB
Release : 2013-11-11
Category : Business & Economics
ISBN : 3663100065
Die Globalisierung der Märkte zwingt Europa nicht nur zu einer intensiven Auseinandersetzung mit den daraus erwachsenden Problemen, sondern auch zur Ausgestaltung geeigneter Wettbewerbsstrategien, um im Kampf um Marktvorteile bestehen zu können. Namhafte Experten aus Wissenschaft und Praxis analysieren in diesem Buch Stärken und Schwächen der Europäischen Union und diskutieren ihre Rolle im globalen Wettbewerb aus unterschiedlichen Blickrichtungen. Es werden u.a. folgende Themen behandelt: - Europa im globalen Wettbewerb - Interkulturelles Management zwischen Universalismus und Relativismus - Das Konzept der Marktwirtschaft und das Prinzip der Gemeinschaft (
Author : Stepan Wood
Publisher : Edward Elgar Publishing
Page : 413 pages
File Size : 32,13 MB
Release : 2019-12-27
Category : Political Science
ISBN : 1788114736
From agriculture to sport and from climate change to indigenous rights, transnational regulatory regimes and actors are multiplying and interacting with poorly understood effects. This interdisciplinary book investigates whether, how and by whom transnational business governance interactions (TBGIs) can be harnessed to improve the quality of transnational regulation and advance the interests of marginalized actors.
Author : Barry E. Hawk
Publisher : Juris Publishing, Inc.
Page : 654 pages
File Size : 20,48 MB
Release : 2013-02-01
Category : Law
ISBN : 1578233305
This volume contains articles and panel discussions delivered during the Thirty-Ninth Annual Fordham Competition Law Institute Conference on International Antitrust Law & Policy. About the Proceedings: Every October the Fordham Competition Law Institute brings together leading figures from governmental organizations, leading international law firms and corporations and academia to examine and analyze the most important issues in international antitrust and trade policy of the United States, the EU and the world. This work is the most definitive and comprehensive annual analysis of international antitrust law and policy available anywhere. The chapters are revised and updated before publication, where necessary. As a result, the reader receives up-to-date practical tips and important analyses of difficult policy issues. The annual volumes are an indispensable guide through the sea of international antitrust law. The Fordham Competition Law Proceedings are acknowledged as simply the most definitive US/EC annual analyses of antitrust/competition law published. Each annual edition sets out to explore and analyze the areas of antitrust/competition law that have had the most impact in that year. Recent "hot topics" include antitrust enforcement in Asia, Latin America: competition enforcement in the areas of telecommunications, media and information technology. All of the chapters raise questions of policy or discuss new developments and assess their significance and impact on antitrust and trade policy.
Author : Leonardo Martinez-Diaz
Publisher : U.S. Commodity Futures Trading Commission
Page : 196 pages
File Size : 13,95 MB
Release : 2020-09-09
Category : Science
ISBN : 057874841X
This publication serves as a roadmap for exploring and managing climate risk in the U.S. financial system. It is the first major climate publication by a U.S. financial regulator. The central message is that U.S. financial regulators must recognize that climate change poses serious emerging risks to the U.S. financial system, and they should move urgently and decisively to measure, understand, and address these risks. Achieving this goal calls for strengthening regulators’ capabilities, expertise, and data and tools to better monitor, analyze, and quantify climate risks. It calls for working closely with the private sector to ensure that financial institutions and market participants do the same. And it calls for policy and regulatory choices that are flexible, open-ended, and adaptable to new information about climate change and its risks, based on close and iterative dialogue with the private sector. At the same time, the financial community should not simply be reactive—it should provide solutions. Regulators should recognize that the financial system can itself be a catalyst for investments that accelerate economic resilience and the transition to a net-zero emissions economy. Financial innovations, in the form of new financial products, services, and technologies, can help the U.S. economy better manage climate risk and help channel more capital into technologies essential for the transition. https://doi.org/10.5281/zenodo.5247742
