"Improving Counterparty Risk Management Practices (348 KB PDF)," report available through the House Committee on Financial Services. 6  BIS Review 32/2005  the markets.
To be sure, for that favorable record to be extended, both market participants and policymakers must be aware of the risk-management challenges associated with the use of derivatives to transfer risk, both within the banking system and outside the banking system. And they must take steps to ensure that those challenges are addressed. BIS Review 32/2005  7