According to the researchers, there are both “non-bankfinancialcounterparties” – which could be insurance companies, brokerage firms, asset managers or hedge funds – and “non-financialcorporate counterparties” – which could be just about any domestic or foreign c...
“If you and I go to an all-you-can-eat buffet dinner and an open bar we’re going to eat and drink more than we would otherwise. But if you put a price on something it serves as an important piece of information and changes the nature of resources. “Where problems exist is when...
“If you and I go to an all-you-can-eat buffet dinner and an open bar we’re going to eat and drink more than we would otherwise. But if you put a price on something it serves as an important piece of information and changes the nature of resources. “Where problems exist is when...
Given the importance of policy uncertainty in firm performance, it is interesting to explore how firms respond to EPU. In relation to extant literature, there are two important and related questions. The first question is how EPU differs from other fundamental risks. The literature on EPU has sh...
The Problem With China’s Green Subsidies Is They Don’t Exist; It’s time for policies to distinguish between good and bad use of state funding. David Fickling – Bloomberg As the US slams a backdoor entry for Chinese-made solar panels and the European Union examines trade restrictions on...
Parties are becoming more interested in linking their derivatives to ESG targets, and a number of ESG-linked products already exist in various forms. On the over-the-counter ("OTC") side, there are structures in which a counterparty may be incentivised to meet pre-set ESG targets by having...
lower transparency, or threaten U.S. financial stability; to assess the extent to which such swaps are subject to adequate oversight by regulators; to consider whether adequate payment and settlement systems exist for such swaps; and to assess whether an exemption for foreign exchange swaps and fo...
to their branches, entities that are entirely reliant on the resources of their foreign-based parent companies. The 2008 financial collapse proved that these resources are not available in periods of stress, which is why the U.S. bailed out so many foreign banks operating in the U.S. Th...
Yesterday, we had an epiphany. We pulled up the most recent table from the Office of the Comptroller of the Currency showing the 25 bank holding companies that have the largest exposure to derivatives. Sure enough, each of those 11 ban...
Added:adj,=inadditionto.并且。 Justify:证明….是有正当理由的。 译文:现代的互换市场实际上是一个混血儿,它结合了简要的交易技巧与灵活多变的因素,并被冠以金融工程的头衔。 Unliketheearlyvarieties,theterm“market”nowmeanssecondary,ortrading,marketforswaps—somethingwhichdidnotexistoriginally.与早期的多种解...