Academic Journal
Systemic risk safeguards for central counterparties.
| Τίτλος: | Systemic risk safeguards for central counterparties. |
|---|---|
| Συγγραφείς: | Mayer, Helios Padilla1 (AUTHOR) |
| Πηγή: | Journal of Securities Operations & Custody. Winter2025, Vol. 18 Issue 1, p64-74. 11p. |
| Θεματικοί όροι: | *Systemic risk (Finance), *Financial crises, *Futures, *Financial institutions, *Organizational resilience, *Risk management in business, Counterparties (Finance) |
| Περίληψη: | The financial crisis of 2008 underscored the critical importance of central counterparties (CCPs) in mitigating systemic risk within the derivatives market. CCPs function as intermediaries, assuming counterparty risk to enhance market stability. This paper explores the comprehensive CCP risk waterfall framework, evaluates its robustness under prolonged market stress and provides actionable recommendations for fortifying CCP resilience. Through theoretical models and empirical simulations, the paper illustrates how CCPs manage systemic shocks and proposes improvements for future robustness. This article is also included in The Business & Management Collection which can be accessed at https:// hstalks.com/business/. [ABSTRACT FROM AUTHOR] |
| Copyright of Journal of Securities Operations & Custody is the property of Henry Stewart Publications LLP and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) | |
| Βάση Δεδομένων: | Business Source Index |
| FullText | Text: Availability: 0 |
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| Header | DbId: bsx DbLabel: Business Source Index An: 189796421 RelevancyScore: 1470 AccessLevel: 6 PubType: Academic Journal PubTypeId: academicJournal PreciseRelevancyScore: 1470.35424804688 |
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| Items | – Name: Title Label: Title Group: Ti Data: Systemic risk safeguards for central counterparties. – Name: Author Label: Authors Group: Au Data: <searchLink fieldCode="AR" term="%22Mayer%2C+Helios+Padilla%22">Mayer, Helios Padilla</searchLink><relatesTo>1</relatesTo> (AUTHOR) – Name: TitleSource Label: Source Group: Src Data: <searchLink fieldCode="JN" term="%22Journal+of+Securities+Operations+%26+Custody%22">Journal of Securities Operations & Custody</searchLink>. Winter2025, Vol. 18 Issue 1, p64-74. 11p. – Name: Subject Label: Subject Terms Group: Su Data: *<searchLink fieldCode="DE" term="%22Systemic+risk+%28Finance%29%22">Systemic risk (Finance)</searchLink><br />*<searchLink fieldCode="DE" term="%22Financial+crises%22">Financial crises</searchLink><br />*<searchLink fieldCode="DE" term="%22Futures%22">Futures</searchLink><br />*<searchLink fieldCode="DE" term="%22Financial+institutions%22">Financial institutions</searchLink><br />*<searchLink fieldCode="DE" term="%22Organizational+resilience%22">Organizational resilience</searchLink><br />*<searchLink fieldCode="DE" term="%22Risk+management+in+business%22">Risk management in business</searchLink><br /><searchLink fieldCode="DE" term="%22Counterparties+%28Finance%29%22">Counterparties (Finance)</searchLink> – Name: Abstract Label: Abstract Group: Ab Data: The financial crisis of 2008 underscored the critical importance of central counterparties (CCPs) in mitigating systemic risk within the derivatives market. CCPs function as intermediaries, assuming counterparty risk to enhance market stability. This paper explores the comprehensive CCP risk waterfall framework, evaluates its robustness under prolonged market stress and provides actionable recommendations for fortifying CCP resilience. Through theoretical models and empirical simulations, the paper illustrates how CCPs manage systemic shocks and proposes improvements for future robustness. This article is also included in The Business & Management Collection which can be accessed at https:// hstalks.com/business/. [ABSTRACT FROM AUTHOR] – Name: AbstractSuppliedCopyright Label: Group: Ab Data: <i>Copyright of Journal of Securities Operations & Custody is the property of Henry Stewart Publications LLP and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.) |
| PLink | https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=bsx&AN=189796421 |
| RecordInfo | BibRecord: BibEntity: Identifiers: – Type: doi Value: 10.69554/mran3346 Languages: – Code: eng Text: English PhysicalDescription: Pagination: PageCount: 11 StartPage: 64 Subjects: – SubjectFull: Systemic risk (Finance) Type: general – SubjectFull: Financial crises Type: general – SubjectFull: Futures Type: general – SubjectFull: Financial institutions Type: general – SubjectFull: Organizational resilience Type: general – SubjectFull: Risk management in business Type: general – SubjectFull: Counterparties (Finance) Type: general Titles: – TitleFull: Systemic risk safeguards for central counterparties. Type: main BibRelationships: HasContributorRelationships: – PersonEntity: Name: NameFull: Mayer, Helios Padilla IsPartOfRelationships: – BibEntity: Dates: – D: 01 M: 12 Text: Winter2025 Type: published Y: 2025 Identifiers: – Type: issn-print Value: 17531802 Numbering: – Type: volume Value: 18 – Type: issue Value: 1 Titles: – TitleFull: Journal of Securities Operations & Custody Type: main |
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