03414nam 2200685Ia 450 991046400670332120170817212528.01-4623-6484-51-4527-7428-51-4518-7320-41-282-84385-09786612843853(CKB)3170000000055320(EBL)1608396(SSID)ssj0000940100(PQKBManifestationID)11512681(PQKBTitleCode)TC0000940100(PQKBWorkID)10939142(PQKB)11774405(OCoLC)712987784(MiAaPQ)EBC1608396(EXLCZ)99317000000005532020100720d2009 uf 0engur|n|---|||||txtccrCounterparty risk, impact on collateral flows, and role for central counterparties[electronic resource] /prepared by Manmohan Singh and James Aitken[Washington, D.C.] International Monetary Fundc20091 online resource (17 p.)IMF working paper ;WP/09/173At head of title: Monetary and Capital Markets Department."August 2009."1-4519-1747-3 Includes bibliographical references.Contents; I. Introduction; II. Counterparty Risk; Figures; 1. Illustrative Repricing of Derivatives When a Large Financial Institution Fails; III. The Changing Profile of Counterparty Risk in the United States; IV. The Adverse Impact of Counterparty Risk on Global Liquidity; 2. Counterparty Liabilities of Major U.S. Banks; Tables; 1. Snapshot of Reduced Collateral Posting Among LCFIs; 2. Securities Lending by Major Custodians; V. Regulatory Thrust for a Central Counterparty; 3. Cash Holding by Major LCFIs; VI. Conclusions and Policy Implications; Appendixes1. Methodological Issues in Computing Connectedness in Counterparty RiskReferencesCounterparty risk in the United States stemming from exposures to OTC derivatives payables (after netting) is now concentrated in five banks?Goldman Sachs, JPMorgan, Bank of America, Morgan Stanley and Citi. This note analyzes how such risks have shifted over the past year. We estimate that the adverse impact of counterparty risk on high-grade collateral flows and global liquidity due to decrease in rehypothecation, reduced securities lending, and hoarding of cash by major banks is at least 5 trillion. In order to mitigate counterparty risk, there have been regulatory initiatives to establishIMF working paper ;WP/09/173.CreditRisk assessmentRisk managementUnited StatesBanks and bankingUnited StatesFinanceUnited StatesElectronic books.CreditRisk assessment.Risk managementBanks and bankingFinance332.63232Singh Manmohan1964-971070Aitken James191524International Monetary Fund.Monetary and Capital Markets Dept.MiAaPQMiAaPQMiAaPQBOOK9910464006703321Counterparty risk, impact on collateral flows, and role for central counterparties2292179UNINA