... is an unexplored area of risk management. When we usually talk about risk in finance, we mean adverse deviation from expected (Best, 1999 ; Estrada, 2007 ; Markowitz, 1952 ; RoY, 1952). Among the risks, the downside risk is very significant in investment management and financial risk management (Chen and Chen...

... from worsening. © Emerald Group Publishing Limited 2013 GARCH SEC short‐sell moratorium Banks Risk management Securities United States of America Economic policy Securities and Exchange Commission For much of the past three decades a central focus of bank regulators has been...

... of that outlines a detailed framework for clearing all OTC derivatives. To correct the weaknesses of the private clearing initiatives, it is essential to understand the nature of goods generated through centralized clearing: transparency, systemic risk management, and the facilitation of trades. The pure...