23. Derivative Clearinghouses: Collateral Management and Policy Implications

Chapters in this book

1. Frontmatter i
2. CONTENTS vii
3. FOREWORD xi
4. PREFACE xiii
5. 1. Introduction: Overview of the Financial Crisis and Its Impacts 1
6. PART I. THE FINANCIAL CRISIS IN PERSPECTIVE
7. 2. If “It” Happened Again: A Road Map for Regulatory Reform 47
8. 3. Trends and Delegation in U.S. Financial Market Regulation 57
9. 4. We Did Not Repeat the Errors of the Past: Lessons Drawn from the Fed’s Policy During the Great Depression 82
10. 5. Regulation and Competition in the EU Financial Sector 98
11. 6. Trends in Financial Market Regulation 121
12. PART II. CREATING THE RIGHT (DIS)INCENTIVES
13. 7. Progress and Challenges After the Financial Crisis 127
14. 8. Banks and Tax Havens: First Evidence Based on Country-by-Country Reporting 135
15. 9. “Dynamic Precaution” in Maintaining Financial Stability: The Importance of FSOC 144
16. PART III. USE AND (AB)USE OF MODELS IN PREDICTING FINANCIAL OUTCOMES
17. 10. Reflections on the Global Financial Crisis Ten Years On 167
18. 11. The Right Way to Use Models 183
19. 12. The Fundamental Volatility of the Digital Economy as a Contributor to Financial Instability 200
20. 13. The Impact of Regulation on Systemic Risk 209
21. 14. Big Data, Process Scalability, and Financial Stability 228
22. PART IV. REGULATING FOR THE NEXT CRISIS?
23. 15. Rules Versus Principles in Financial Regulation Following the Crisis: It All Depends on the Purpose 237
24. 16. How to Regulate in Times of Crisis 258
25. 17. The Economic and Political Implications of the Dodd-Frank Act 261
26. 18. The Regulatory Sine Curve: What Explains the Retreat from Systemic Risk Regulation (and Why It Was Predictable) 281
27. 19. Roundtable: It’s Not Too Much or Too Little Regulation; It’s Getting It Right 301
28. PART V. THE ORIGINS OF THE NEXT FINANCIAL CRISIS
29. 20. Interview: Striking the Right Balance between Markets and Regulation 333
30. 21. Money Market Funds After the Onset of the Crisis 341
31. 22. The 2017 Tax Act’s Potential Impact on Bank Safety and Capitalization 360
32. 23. Derivative Clearinghouses: Collateral Management and Policy Implications 371
33. Concluding Remarks 384
34. CONTRIBUTORS 391
35. INDEX 401