ARE CENTRAL COUNTERPARTIES (CCP) POSING A SYSTEMIC RISK TO CAPITAL MARKETS?
IUM-Award winning thesis by Marianna Petroula, advised by Markus Schuller
Trade tensions, benchmark interest rate hike debates and “crypto currency” distortions are dominating the headlines these days. Quick reminder: systemic risks look different.
In her best-thesis-award-winning research at the International University of Monaco, Marianna Petroula was assessing, whether central counterparties, as one of the success stories of post-2008 regulation, pose systemic risk to capital markets. Gaining a better understanding of a potential black swan event is equally challenging and necessary. As her thesis advisor, Markus Schuller, was offering guidance during this exciting journey.
Enjoy an insightful thesis summary.