Centro de Documentacion de Fundación MAPFRE

Notas: Sumario: When the COVID-19 crisis hit in March 2020, large asset price moves and increased volatility led to sizeable margin calls on derivatives for a range of non-bank fi nancial sectors. The use of derivatives in particular by insurers, pension funds, and liability driven investment (LDI) funds prudently hedging FX, interest rate and infl ation risk exposed them to sudden demands for high levels of liquidity to meet margin calls. While the margining system is a vital part of stopping counterparty credit risk from spreading in a stress, liquidity risks need to be appropriately managed to prevent them contributing to a dash for cash' in a severe market stress.Registros relacionados: En: The Actuary : the magazine of the Institute & Faculty of Actuaries. - London : Redactive Publishing, 2019-. - 01/02/2021 Número 1 - febrero 2021 , p. 16-18Materia / lugar / evento: Liquidez Riesgo crediticio COVID-19 Pandemias Tasas de interés Outras classificações: 921.9

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A wake-up call