Central counterparties (CCPs) are designed to reduce aggregate counterparty credit risk
and function as market infrastructures for capital markets in securities and derivatives …

We present the findings of a detailed descriptive analysis of client clearing activity for
derivatives in the euro area, as well as that of clearing members more broadly. To the best of …

This paper documents the use of derivatives by securitisation special purpose entities
(SPEs), also known as financial vehicle corporations (FVCs), domiciled in Ireland using …

We show that exchange-traded funds (ETFs) establish strong information links with the
underlying equities but weak ones with the underlying corporate debt securities. This has …