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May 3, 2011

The recent financial crisis has driven many plans for improving the stability and resilience of the global financial system.  One concept, managing the risk of default in securities or financial derivatives markets through central counterparties, receives scrutiny in a report released today by the C.D. Howe Institute.  In “Time for Stability in Derivatives Markets – a New Look at Central Counterparty Clearing for Securities Markets,” Thorsten V. Koeppl of Queen’s University examines the role centralized clearing parties could play in improving system resilience.


Thorsten Koeppl

Scholar in Financial Services and Monetary Policy, C.D. Howe Institute

Professor Koeppl is Professor and RBC Fellow in the Department of Economics at Queen’s University and Scholar in Financial Services and Monetary Policy at the Institute.