'Central Clearing of Financial Contracts' - Steven Schwarcz: 3CL Travers Smith Seminar
Duration: 35 mins 53 secs
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| Description: |
Steven Schwarcz (Stanley A. Star Professor of Law & Business, Duke University) gave a lecture entitled "Central Clearing of Financial Contracts" on 13 March 2018 at the Faculty of Law as a guest of 3CL.
For more information see the Centre for Corporate and Commercial Law website at http://www.3cl.law.cam.ac.uk/ |
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| Created: | 2018-03-13 16:25 |
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| Collection: |
3CL Travers Smith Seminar Series videos MOVED
3CL Travers Smith Seminar Series (audio) MOVED |
| Publisher: | University of Cambridge |
| Copyright: | Mr D.J. Bates |
| Language: | eng (English) |
| Abstract: | Post-financial-crisis regulation requires that derivatives contracts be cleared and settled through central counterparties, such as clearing houses affiliated with derivatives and commodities exchanges, in order to try to reduce systemic risk in the financial system. This seminar asks whether regulators should also require the central clearing of non-derivative financial contracts. The seminar will begin by discussing central clearing of financial contracts and its ability to reduce systemic risk. We'll then examine the regulatory and economic efficiency implications, both for current requirements to centrally clear derivatives contracts and thereafter for analyzing whether to extend central clearing to non-derivative financial contracts. |
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