Shift to clearing presents CCP system challenges

A clear challenge

Richard Bennett

There is a lot resting on the success of central clearing. Regulators are banking on it to help eradicate one of the major risks exposed by the financial crisis – a systemic failure caused by the collapse of a major, interconnected counterparty. But in mandating greater use of central counterparties (CCPs), many regulators also recognise they have shifted systemic risk from a group of large counterparties to a very small number of clearing houses – and they want to make sure they are rock-solid

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Switching CCP – How and why?

As uncertainty surrounding Brexit continues and the impacts of Covid-19-driven market volatility are analysed, it is essential for banks and their end-users to understand their clearing options, and how they can achieve greater capital and cross…

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