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Banking policy review: over-the-counter swaps — before and after reform

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  • Michael Slonkosky

Abstract

Regulations governing over-the-counter derivatives trading have moved much of the action to transparent, centralized exchanges. Michael Slonkosky describes a typical trade before and after the new rules.

Suggested Citation

  • Michael Slonkosky, 2015. "Banking policy review: over-the-counter swaps — before and after reform," Business Review, Federal Reserve Bank of Philadelphia, issue Q4, pages 12-16.
    • Handle: RePEc:fip:fedpbr:00027
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    File URL: https://www.philadelphiafed.org/-/media/frbp/assets/economy/articles/business-review/2015/q4/bpr-over_the_counter_swaps.pdf
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    References listed on IDEAS

    as
    1. Acharya, Viral & Bisin, Alberto, 2014. "Counterparty risk externality: Centralized versus over-the-counter markets," Journal of Economic Theory, Elsevier, vol. 149(C), pages 153-182.
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    Cited by:

    1. Daniel R. Sanches, 2016. "The Free-Banking Era: A Lesson for Today?," Economic Insights, Federal Reserve Bank of Philadelphia, vol. 1(3), pages 9-14, July.

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