We focused on the default funds' design, and we calculated the size of the default funds based on the stress test methodology, using a simulation of 30 years. According to EMIR (2012, Article 49), stress tests should be used to test and measure the risk management models of the CCPs in...
The vulnerability area is between these two extremes and represents the combination of precarious employment with the fragility of relational support (Castel 1991). In this sense, the characteristics related to a higher risk of vulnerability have to do with the intersection of economic, social, ...