This chapter introduces Central counterparties (CCPs), their function and their business
model, their ascendance in terms of volume of cleared trades post-crisis as well as their …

The concept of settlement finality sits at the heart of any type of commercial transaction;
whether the transaction is in physical or electronic form or is mediated by fiat currencies or …

The central role of the City in euro-denominated derivatives has been a focal issue for EU
policymakers and central bankers for quite some time. As a large and global financial centre …

Zusammenfassung Close-Out-Netting ist eine zentrale Risikomanagementtechnik für
Finanzmarktakteure, ohne dessen insolvenzrechtliche Privilegierung die Märkte für …

After the prudential requirements introduced by EMIR in 2012, the European Union took a
further step when it adopted a regulation in 2021 on the framework for the recovery and …

My thesis focuses on central counterparties (CCPs) and the stress tests they perform to
achieve a resistant operation and therefore increase market resilience. CCPs' role is to take …

April 2009, the G20 leaders all agreed that the current system in the whole world is
vulnerable. Globally appropriate steps shall be taken to overcome the discrepancies. The …