Central banks working on liquidity support for CCPs, says BoE’s Tucker

International regulators and central banks trying to avoid "nightmare" of fragmented clearing system

Paul Tucker

Leading central banks, including the Bank of England, are working together to make sure they are able to prop up clearing houses in a crisis, says Paul Tucker, deputy governor of the Bank of England – part of a broader effort by the Financial Stability Board (FSB) to enable central counterparties (CCPs) to operate on a global basis.

"Central banks are exploring how they can ensure that there are no technical obstacles to lending [to CCPs in a crisis]. That doesn't mean they have any duty or

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