Réglementation et risques systémiques sur les marchés de dérivés de gré à gré
Henri Audigé ()
No 2013-40, EconomiX Working Papers from University of Paris Nanterre, EconomiX
The collapse of the subprime markets in 2008 triggered one of the most destructive financial crisis since the stock market crash of 1929. Criticized from the beginning of the crisis, OTC derivatives markets stand out by their opacity and the lack of national and international supervision. In september 2009, the G20 countries gathered in Pittsburgh and commit to deeply reform these markets. In this article, we analyse the limits of autoregulation on OTC derivatives markets before the crisis and the financial stability challenges to come after the Pittsburgh Summit.
Keywords: Financial Regulation; systemic risk; OTC derivatives; contagion; Central Counterparty Clearing House (CCP); cross-border regulation (search for similar items in EconPapers)
JEL-codes: G18 G28 G30 L51 (search for similar items in EconPapers)
Pages: 31 pages
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:drm:wpaper:2013-41
Access Statistics for this paper
More papers in EconomiX Working Papers from University of Paris Nanterre, EconomiX Contact information at EDIRC.
Bibliographic data for series maintained by Valerie Mignon ().