Publisher
United States: Financial Crisis Inquiry Commission (FCIC);Clayton Services
Media Date
2-1-2007
Media Type
Document
Content Type
Report
Country/Region
United States
Language
English
Crisis
Global Financial Crisis (2007-2009)
Case Series
Federal Reserve Board FOIA Request - Date requested: 02/02/18
Additional Information
In response to the Committee on Payment and Settlement Systems (CPSS) request for a follow up on the 1998 report, this report revisits issues identified in that report and identifies and analyzes any new issues raised by changes since 1998 in risk management practices or the post-trade processing infrastructure for OTC derivatives. Three new issues raised by developments since 1998: (1) the implications of OTC derivatives prime brokerage (2) the risks associated with unauthorised novations of contracts (3) the potential for significant market disruptions from the closeout of OTC derivatives transactions following the default of one or more.
Recommended Citation
Bank for International Settlements (BIS): Committee on Payment and Settlement Systems, "New developments in clearing and settlement arrangements for OTC derivatives" (2007). Documents. 3905.
https://elischolar.library.yale.edu/ypfs-documents/3905