Building a new house

International Derivatives Clearing House, a new clearing service for interest rate swaps, was launched in December. Christopher Edmonds, its chief executive, talks to Ryan Davidson about the venture


During the financial crisis, and particularly since Lehman Brothers' filing for Chapter 11 bankruptcy protection last September, counterparty credit risk has become one of the main concerns of market participants and regulators. And, believing it to be one means of cutting counterparty risk substantially, regulators in Europe and the US have been increasingly pushing the over-the-counter derivatives market towards centralised clearing platforms.

Much of the initial focus has been on credit

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Switching CCP – How and why?

As uncertainty surrounding Brexit continues and the impacts of Covid-19-driven market volatility are analysed, it is essential for banks and their end-users to understand their clearing options, and how they can achieve greater capital and cross…

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