Moral hazards for CCPs


For a seemingly simple risk reduction tool, central clearing of over-the-counter derivatives contracts has been riddled with complications - from the intricate changes made to credit default swap (CDS) trading conventions earlier this year, to the arduous process of authorising central counterparties (CCPs) for clearing.

As European and US politicians edge closer towards new legislation for the derivatives industry, the increasing use of central clearing will continue to be a challenge for deale

To continue reading...

You need to sign in to use this feature. If you don’t have a 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: