CCP risk standards need to be more granular, says EC’s Pearson

Standards governing central counterparties (CCPs) for over-the-counter derivatives should be more granular in detail, rather than focusing on high-level principles, says Patrick Pearson, head of the financial markets infrastructure unit at the European Commission (EC).

Speaking at the Future Prospects for OTC Derivatives Markets conference in London today, Pearson asserted that common and harmonised standards governing CCPs are needed across Europe, but said more detail is required: "We do not