Isda AGM: CCPs 'thinly capitalised' warns UniCredit's Mustier
The amount of capital held by central counterparties (CCPs) needs to be carefully analysed and, because of their systemic importance, might need to be increased, argued Jean-Pierre Mustier, deputy general manager and head of corporate and investment banking at UniCredit Group, in a keynote speech at the annual general meeting of the International Swaps and Derivatives Association in Prague this morning.
Mustier said the "thin capitalisation" of CCPs – which will end up clearing hundreds of
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