Mr. Burkhard Drees, Mr. Garry J. Schinasi, Mr. Charles Frederick Kramer, and Mr. R. S Craig
This section provides an overview of OTCderivativesmarkets, with particular emphasis on those aspects that are relevant to an assessment of systemic financial risks. It begins with a description of the size and global scope of derivatives markets and the major participants and counterparties in OTCderivativesmarkets. It then compares the structures of exchange-traded and OTC markets, and concludes with a discussion of the trading and back-office infrastructure and the middle-office risk management functions for OTC derivatives trading.
The Size, Global