Post-trading infrastructures: considering the risks to financial stability

Denis Beau

Revue d'Économie Financière, 2006, vol. 82, issue 1, 221-229

Abstract: [eng] The importance of total value of transactions processed annually by clearing, securities settlement and payment systems reflects the lynchpin role played by post-trading infrastructures. With this important role comes systemic risk, however, in the sense that a system malfunction or the failure by one user to meet its obligations in such system could trigger a chain of defaults. This article describes the risks that give these facilities the potential to destabilise the financial system and profiles the policies being deployed to manage these risks. . JEL classification : G2, G28

Date: 2006
Note: DOI:10.3406/ecofi.2006.4453
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Persistent link: https://EconPapers.repec.org/RePEc:prs:recofi:ecofi_1767-4603_2006_num_82_1_4453

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