The work focuses on the evolution of the legal structure of the credit guarantee institutions subsequent to the new regulatory framework. It proposes a third way with respect to two configurations supervised intermediary (Confidi 107 and guarantee bank); the establishment of a network of credit...

The volume and complexity of financial derivatives traded over the counter (OTC) showed in the last two decades a increasing trend. In this context, the interest rate derivatives have a great growth because they are widely used in speculation, arbitrage and hedging strategies. But when the risk...