Isda Asia chief: Forcing energy and commodities into CCPs creates more risk

Energy and commodity contracts are not sufficiently standardised to adapt well to being cleared through a central counterparty (CCP), and if they are forced into CCPs the result could be an increase in systemic risk, says the International Swaps and Derivatives Association's (Isda) Asia-Pacific director Keith Noyes.

"If the CCP cleared the right product, it would remove systemic risk from the system," says Noyes, speaking in an exclusive interview with Energy Risk in Hong Kong. "However, the cr