NO.PZ2019052801000095
问题如下:
Which of the following statement(s) is(are) correct?
I. CCPs actually convert counterparty risk into liquidity, operational and legal risks, rather than eliminate it.
II.One of the benefits about CCPs is that it can decrease systemic risk during financial crisis.
选项:
A.Both statements are correct.
B.Neither statement is correct.
C.Only statement II is correct.
D.Only statement I is correct.
解释:
D is correct.
考点:risks caused by CCPs
解析:CCP使得所有交易都发生在同一个平台,因此在金融危机时,一旦CCP自己失灵,那么所有交易都会受到严重影响,因此增加了systemic risk,statement II是错误的。statement I正确,CCP并不是消除对手方风险,而是将对手方风险转成了流动性、操作、法律风险。
有CCP流动性不是更好了吗
为什么转化为流动性风险?