Buy side steers clear of CCPs

Regulators have pushed hard to ensure buy-side firms are able to access central counterparties since the crisis began. But despite the launch of several new services, very few buy-side participants are actually using them. By Mark Pengelly


Central clearing has been one of the major policy initiatives by regulators since the crisis began. Following the bankruptcy of Lehman Brothers in September 2008, escalating market fear made central clearing for over-the-counter derivatives look like the perfect solution to counterparty risk. While market participants would retain the ability to execute trades in the OTC market, clearing them via a central counterparty (CCP) would reduce the risk of a major dealer going under, many believed.


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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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