Isda AGM: CCPs 'thinly capitalised' warns UniCredit's Mustier

Ellen Davis
14 Apr 2011

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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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