Central clearing: trends and current issues

Dietrich Domanski, Leonardo Gambacorta and Cristina Picillo

BIS Quarterly Review, 2015

Abstract: Central clearing of standardised financial instruments, as promoted by the G20 Leaders, addresses some of the financial stability risks that materialised during the Great Financial Crisis. Its rapid evolution since 2009 may have changed the linkages between central counterparties and the rest of the financial system. Against the backdrop of these trends, this article discusses how, and through which mechanisms, central clearing might have affected systemic risk.

Date: 2015
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Citations: View citations in EconPapers (24)

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