Global Financial Markets
An Introduction to Regulatory Policy, Market Impact and Systemic Risk
Global Financial Markets
An Introduction to Regulatory Policy, Market Impact and Systemic Risk
After the credit crisis, supervisors enacted a range of financial reforms. In particular, they radically changed the nature of the OTC derivatives market via a number of measures, notably mandatory central clearing.
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After the credit crisis, supervisors enacted a range of financial reforms. In particular, they radically changed the nature of the OTC derivatives market via a number of measures, notably mandatory central clearing. This book discusses the market before the crisis, explains what central clearing is, and outlines the consequences of the new rules.
