Central clearing parties: safe institutions for derivatives markets - Guillaume Vuillemey - ©Fotolia - peshkov

Can central clearing parties achieve global financial stability without creating collateral shortages? In their recent study, Darrell Duffie, Martin Scheicher and Guillaume Vuillemey had unique access to data that has enabled first time analysis of this trade-off. They built a model that can be used to study a number of scenarios in which central clearing parties are active. They have discovered (...)

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Households are notoriously unsophisticated investors, with low financial literacy; and yet, banks (...)

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Financial Institutions24 February 2016

Does danger still lurk in the banking system?

We all know the trouble with the banking system; like a house of cards, when something goes wrong (...)

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