Central counterparty (CCP)
There is a temptation with anniversaries to look back – and plenty has happened since Risk celebrated its 20th year with a bumper July 2007 issue. A crisis that began with defaulting low-income homeowners...
Basel Committee addresses long-standing complaints over default fund exposures and client clearing
New levels of complexity and ongoing regulatory framework discussions mean full compliance with Iosco’s new principles is unlikely before the January 1, 2013 deadline
More Central counterparty (CCP) articles
Principle character: William Dudley interview
In search of stability
Resolving issues around the extraterritorial application of derivatives regulation is a major outstanding issue that needs to be addressed, says FSA’s acting director of markets
The clock is ticking
Central counterparties a ‘Maginot line’ that won’t prevent financial breakdown, argues Queen’s University at Kingston assistant professor
Banks and CCPs are pressing for changes to method of calculating default fund capital
A third of the figure was cleared in the last month alone - and volumes are expected to increase rapidly as clearing deadlines approach
Plan to combine four clearing houses into one will result in margin efficiencies of 30-40%, the exchange estimates
Posted collateral cannot be used to offset liabilities when calculating farm credit banks' leverage ratio
The effects of high-frequency trading activity should continue to be monitored, but the practice adds value to the forex market, argues a senior Bank of England official
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