Central clearing a tricky fix for over-the-counter derivatives


Within the overall review of the causes of the global financial turmoil, the failures of AIG and Lehman Brothers cast over-the-counter (OTC) derivatives, incorrectly, as Public Enemy No. 2 (after securitised US subprime debt) for their perceived lack of transparency and lack of prudential regulation. As a result, the G-20 has stipulated that all standardised OTC derivatives should be cleared through central clearing counterparties (CCPs) by the end of 2012.

The US is in the final stages of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: