UniCredit's Mustier ‘frightened’ by CCP capital levels

Clearing members pressure CCPs to put more of their own money at stake

photo of jean pierre mustier at unicredit
Jean Pierre Mustier, UniCredit

UniCredit's head of corporate and investment banking is "frightened" by the low capital levels at central counterparties (CCPs) such as Eurex and LCH.Clearnet and has suggested that users should either provide unlimited contingent funding for CCPs or that clearing should not be run for profit at all.

"We are moving from interdependence of banks in terms of derivatives that are traded between banks, which have €1.6 trillion of capital, towards concentrating all the derivatives exposure in CCPs, w

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: