Credit risk management and mitigation

Darren Measures

Journal of Securities Operations & Custody, 2009, vol. 2, issue 2, 134-140

Abstract: This paper discusses the consequences of the market crisis in 2008 and the way that credit risk is managed within firms using traded instruments, including OTC derivatives, and the use of collateral as a tool to mitigate that credit risk exposure. The active management of credit risk can no longer be a preserve of the banks and broker dealers, but getting an end-to-end infrastructure to understand, monitor and evaluate credit risk is providing a challenge in the industry at a time of resource and investment constraints.

Keywords: collateral; collateral agency; credit mitigation; enterprise-wide collateral management; EWC; ETD Derivatives; OTC Derivatives; TBA Bonds (search for similar items in EconPapers)
JEL-codes: E5 G2 K22 (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:aza:jsoc00:y:2009:v:2:i:2:p:134-140

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