CME chief says central clearing house removes 'black swan' threat
CME's CCP will eliminate the likelyhood of a future ‘black swan event', a disproportionately rare and high impact event that is hard to predict and is beyond the realm of normal expectations, said George Ng, director and head of energy and metals for Asia at CME speaking at Energy Risk Asia's conference in Singapore.
"Not all exchange-cleared platforms or clearing houses can do this, but we can erase possibilities of a black swan event," Ng said. "We require a minimum margin cost, no matter who
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Clearing
Regulation
French regulator questions need for share trading equivalence
Esma’s reinterpretation ahead of Brexit reduces need for equivalence system, says AMF official
Receive this by email