Regulators around the world have pushed central counterparties (CCPs) as a solution to the systemic threats facing the financial industry since the collapse of Lehman Brothers in September 2008. However, if they are to avoid becoming new points of weakness themselves, CCPs need to ensure they can deal with the new clearing obligations. Many will either face upheaval in their infrastructure or, more worryingly, try to take on trades their framework cannot cope with.
One newly formed London-based
The week on Risk.net, June 16–22, 2017Receive this by email