Bank Behavior With Access To Credit Risk Transfer Markets
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Bank Behavior With Access To Credit Risk Transfer Markets
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Author : Benedikt Goderis
language : en
Publisher:
Release Date : 2006
Bank Behavior With Access To Credit Risk Transfer Markets written by Benedikt Goderis and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.
Bank Behaviour With Access To Credit Risk Transfer Markets
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Author : Benedikt Goderis
language : en
Publisher:
Release Date : 2010
Bank Behaviour With Access To Credit Risk Transfer Markets written by Benedikt Goderis and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.
One of the most important recent innovations in financial markets has been the development of credit derivative products that allow banks to more actively manage their credit portfolios than ever before. We analyse the effect that access to these markets has had on the lending behaviour of a sample of banks, using a sample of banks that have not accessed these markets as a control group. We find that banks that adopt advanced credit risk management techniques (proxied by the issuance of at least one collateralized loan obligation) experience a permanent increase in their target loan levels of around 50%. Partial adjustment to this target, however, means that the impact on actual loan levels is spread over several years.
The Impact Of Central Clearing On Banks Lending Discipline
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Author : Marc Arnold
language : en
Publisher:
Release Date : 2016
The Impact Of Central Clearing On Banks Lending Discipline written by Marc Arnold and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
This article investigates the impact of central clearing in credit risk transfer markets on a loan-originating bank's lending behavior. Access to central clearing changes the bank's optimal loan risk hedging strategy so as to undermine lending discipline. The effect on lending discipline depends crucially on the regulatory design of central clearing in terms of capital requirements, disclosure standards, risk retention, and access to uncleared credit risk transfer. I also show that lending discipline is an important channel to assess the total impact of central clearing on systemic risk.
Credit Risk Transfer Hedge Funds And The Supply Of Liquidity
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Author :
language : en
Publisher:
Release Date : 2007
Credit Risk Transfer Hedge Funds And The Supply Of Liquidity written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with categories.
This paper provides a discussion about some recent issues related to the transfer of credit risk (CRT) from the perspective of global liquidity. The CRT market is enormously growing and exhibits major structural shifts in terms of buyers and sellers of protection. I try to address these issues from an options perspective by suggesting that liquidity providing can be understood, in economic terms, as selling put options. The overall conclusion of the paper is that it is not the extent of CRT per se, as often claimed, which causes liquidity related systemic risk, but rather the potential coordination failures of the behavior market participants in adverse market environments. In this context, I critically address the role of investments banks in providing liquidity to hedge funds, and finally, the (limited) access of global banks to central bank liquidity through cross-border collateral trading. - Since coordination failures, seen as the major issue of a potential liquidity crisis, is to a large extent a matter of market structure, regulatory actions to improve liquidity should focus on the architecture of the financial system in the first place, not so much on the behavior of individual agents. Market stabilization should therefore be understood as a process of establishing informative markets and adequate infrastructure.
International Convergence Of Capital Measurement And Capital Standards
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Author :
language : en
Publisher: Lulu.com
Release Date : 2004
International Convergence Of Capital Measurement And Capital Standards written by and has been published by Lulu.com this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Bank capital categories.
Credit Derivatives And Structured Credit Trading
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Author : Vinod Kothari
language : en
Publisher: John Wiley & Sons
Release Date : 2011-12-15
Credit Derivatives And Structured Credit Trading written by Vinod Kothari and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-12-15 with Business & Economics categories.
Credit derivatives as a financial tool has been growing exponentially from almost nothing more than seven years ago to approximately US$5 trillion deals completed by end of 2005. This indicates the growing importance of credit derivatives in the financial sector and how widely it is being used these days by banks globally. It is also being increasingly used as a device of synthetic securitisation. This significant market trend underscores the need for a book of such a nature. Kothari, an undisputed expert in credit derivatives, explains the subject matter using easy-to-understand terms, presents it in a logical structure, demystifies the technical jargons and blends them into a cohesive whole. This revised book will also include the following: - New credit derivative definitions - New features of the synthetic CDO market - Case studies of leading transactions of synethetic securitisations - Basle II rules - The Consultative Paper 3 has significantly revised the rules, particularly on synthetic CDOs - Additional inputs on legal issues - New clarifications on accounting for credit derivatives/credit linked notes
Innovations In Credit Risk Transfer
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Author : Darrell Duffie
language : en
Publisher:
Release Date : 2008
Innovations In Credit Risk Transfer written by Darrell Duffie and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Credit categories.
Macroeconomic Stability And Financial Regulation Key Issues For The G20
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Author :
language : en
Publisher: CEPR
Release Date :
Macroeconomic Stability And Financial Regulation Key Issues For The G20 written by and has been published by CEPR this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.
The Credit Risk Transfer Market And Stability Implications For U
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Author : Jorge A. Chan-Lau
language : en
Publisher:
Release Date : 2006
The Credit Risk Transfer Market And Stability Implications For U written by Jorge A. Chan-Lau and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.
The Oxford Handbook Of Banking
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Author : Allen N. Berger
language : en
Publisher: Oxford University Press
Release Date : 2010
The Oxford Handbook Of Banking written by Allen N. Berger and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Business & Economics categories.
This handbook provides an overview and analysis of state-of-the-art research in banking written by researchers in the field. It includes abstract theory, empirical analysis, and practitioner and policy-related material.