Skip to main content
Article thumbnail
Location of Repository

Derivatives Clearing Mandates: Cure or Curse?

By Craig Pirrong

Abstract

The Dodd-Frank Act mandates the widespread adoption of centralized clearing of OTC derivatives and also includes measures designed to move more derivatives trading onto exchanges. But, as the author points out, such a clearing mandate appears to be based on the premise that the recent experience in OTC derivatives represents a major market failure and that participants in what is now the world's largest financial market have been systematically choosing the wrong institutions for risk management and trading. Copyright Copyright (c) 2010 Morgan Stanley.

DOI identifier: 10.1111/j.1745-6622.2010.00289.x
OAI identifier:
Download PDF:
Sorry, we are unable to provide the full text but you may find it at the following location(s):
  • http://www.blackwell-synergy.c... (external link)
  • Suggested articles


    To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.