A wider range of firms should be allowed to join central counterparties (CCPs) as clearing members, according to panellists at the Risk Europe conference in Brussels this morning.
"In any clearing system, the more members you have the better. The biggest risk you have in a central clearing system is if you have one clearing member that clears a big chunk of the business, because if that clearing member defaults, the whole system is pressured. Clearly, if you have hundreds of clearing members – e
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