Exempting ailing banks from CCP wind-up process could force wider allocation of losses
Excess collateral acts as buffer in 10 years of data at unnamed CCP
The authors put forth a realistic network model that maximizes the use of data available to a CCP in order to simulate credit default contagion.
Bank framework has “contaminated” policy for CCPs, says Chicago Fed’s Steigerwald
Ice and LCH question whether direct buy-side clearing models can alleviate capital crunch
The recent crises and central counterparty risk practices in the light of procyclicality: empirical evidence
This paper focuses on the risk practices of Central Counterparties in the light of their potentially procyclical features.
Postponement increases risk of entangling the review with Brexit euro clearing debate
Sernova promises everything an FCM can do – apart from taking risk
UK pushes back against French demands to shift CCP business post-Brexit
In the first of a new series of articles, Amir Khwaja of Clarus FT looks at the most recent batch of swaps data
Clearing houses need criteria for overriding stays on swap terminations, writes Darrell Duffie
Second Esma test will apply three scenarios to 17 clearing houses, but concerns remain
Firm hopes move will entice smaller players to join rates clearing service
Dealers could face cash calls to recapitalise an ailing CCP that suffers a critical non-default loss under FSB proposals
Clarity on model inputs may have averted Brexit chaos, FCMs claim
Most euro clearing could be repatriated after Brexit without hitting other jurisdictions
Risk Awards 2017: FCM makes its voice heard as business booms
EBA and Esma call for clarity on capital relief for exposures to clearing members
Agencies query areas of ambiguity for clearing houses’ derivatives transactions
A quant paper shows feedback effects can amplify CCP margin requirements in stressed markets
Barker, Dickinson, Lipton and Virmani propose a credit and liquidity risk model for CCPs
In this paper, the authors introduce the principal policy issues affecting CCPs and collateral and then use these disclosures to contextualize some stylized facts that may aid in understanding and addressing the policy issues.
New European rules stop short of defining resolution triggers