Detail All Clear; The Risk in Clearing-Houses   Oleh:  [s.n] Jenis: Article from Bulletin/Magazine Dalam koleksi: The Economist (http://search.proquest.com/) vol. 403 no. 8779 (Apr. 2012), page 12. Topik: Clearinghouses; Derivatives; Over the Counter Trading; Regulation of Financial Institutions Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.71 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel The clearing-house, a mundane bit of financial-market plumbing that sits between buyers and sellers in transactions. G20 policymakers have seized upon clearing as the solution to some big problems in the over-the-counter derivatives market. Before the crisis, many of these trades were done bilaterally: that meant lots of transactions slipped below the radar, with insufficient collateral and with no mechanism to make up losses if one party defaulted. These were the waters in which AIG, a bailed-out insurer, swam. Last month European legislators followed their American counterparts in mandating that eligible derivatives must be centrally cleared by a third party. The reasoning is sound. Among other things, clearing improves transparency, makes it harder for counterparties to avoid stumping up the right amount of collateral and provides an insurance policy against losses to the non-defaulting party to a trade. But a big surge in the volume of cleared transactions will have two other effects as well. One is to make clearing an area of growth, a rarity in post-crisis finance. Regulators are still grappling with the question of which instruments must be cleared. The more systemic they become, the more tightly clearing-houses should be regulated Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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