利率掉期市场领导者。一家蓝筹公司具有最高信用评级的蓝筹公司的自然作用，可以在掉期和长期选择以及其他风险培养创新的中间。该公司所要求的特征是，它不是银行的，因此要受到银行法规的约束，并且需要保留资本抵抗风险的资产，并且它愿意并能够将异国情调的风险埋在其
(market leader in interest rate swaps. There was a natural role for a blue-chip corporation with the highest credit rating to stand in the middle of swaps and long-term options and the other risk-spawning innovations. The traits required of this corporation were that it not be a bank-and thus subject to bank regulation, and the need to reserve capital against risky assets-and that it be willing and able to bury exotic risks on its)
(market leader in interest rate swaps. There was a natural role for a blue-chip corporation with the highest credit rating to stand in the middle of swaps and long-term options and the other risk-spawning innovations. The traits required of this corporation were that it not be a bank-and thus subject to bank regulation, and the need to reserve capital against risky assets-and that it be willing and able to bury exotic risks on its)
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在“大短：世界末日机器内部”中，迈克尔·刘易斯（Michael Lewis）讨论了高度评价的蓝筹公司的作用，该公司是利率掉期市场的市场领导者。该公司充当创新金融产品（例如掉期和长期选择）之间的调解人，并为金融市场内的更广泛的风险管理框架做出了贡献。其强烈的信誉允许它可以承担重大风险，而不会受到银行法规的约束，这通常要求银行保留资本抵制此类债务。
重点是找到一个可以有效地管理和吸收这些异国财务风险的公司实体，同时避免被归类为银行所带来的限制。通过在对银行施加的监管框架之外运营，该公司可以采用更多的金融产品，从而在掉期市场提供稳定和流动性。这种创新的结构对于在迅速发展的金融景观中保持复杂风险管理工具的流动至关重要。
