Increasing costs could force some end-users to abandon hedging, hurting swap market liquidity and forcing other firms to follow suit
We describe the network properties of the Korean interbank payment system (BOKWire+), apply existing methodologies for identifying systemically important banks and develop a new intraday liquidity indicator...
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More Liquidity articles
Five years after the publication of the genesis block of the bitcoin (BTC) algorithm(1) is a good moment to assess the implications of such virtual currencies for financial market infrastructures. When one wants to get acquainted with a financial market...
If a clearing house runs into trouble, its first phone call will be to commercial providers of liquidity. Its second – and last – option is to turn to the central bank. That is an arrangement some central banks have been willing to formalise. But...
Hoogervorst says work on classification and measurement "has been done for nothing"
This issue of The Journal of Risk addresses problems in the estimation and minimization of the popular value-at-risk (VaR) risk measure and the closely related expected shortfall (ES; also known as conditional value-at-risk (CVaR)). Further illustrations...
Debate continues to rage about the merits of clearing, with some market observers arguing that the benefits of using central counterparties are outweighed by the precipitous costs involved. But such criticisms fail to take the full burden of over-the-counter...
BoE governor insists clearing houses must have enough liquidity to cope with default of two big member firms
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.
Hong Kong, 1st - 31st Dec 2014
Japan, 24th Apr 2014
Japan, 24th Apr 2014
USA, 30th Apr 2014
USA, 8th - 9th May 2014