OTC Derivatives: Bilateral Trading & Central Clearing

An Introduction to Regulatory Policy, Market Impact and Systemic Risk

  • Authors
  • David Murphy

Part of the Global Financial Markets Series book series (GFM)

Table of contents

  1. Front Matter
    Pages i-xi
  2. Introduction

    1. David Murphy
      Pages 1-5
  3. Understanding Bilateral OTC Derivatives

    1. Front Matter
      Pages 7-7
    2. David Murphy
      Pages 9-29
    3. David Murphy
      Pages 93-118
  4. Reform and Its Consequences

    1. Front Matter
      Pages 119-119
    2. David Murphy
      Pages 121-143
    3. David Murphy
      Pages 145-179
    4. David Murphy
      Pages 209-230
    5. Edwin Budding, David Murphy
      Pages 231-257
    6. David Murphy
      Pages 259-281
  5. Back Matter
    Pages 282-287

About this book


After the credit crisis, supervisors enacted a range of financial reforms. In particular, they radically changed the nature of the OTC derivatives market via a number of measures, notably mandatory central clearing. This book discusses the market before the crisis, explains what central clearing is, and outlines the consequences of the new rules.


Clearing Credit Crisis derivatives reforms stability trading

Bibliographic information