Multiple local CCPs better than one global super-CCP – Siddhartha Roy profile

The beauty of diversity

siddharta-roy

When the G-20 nations committed themselves to over-the-counter derivatives clearing in September 2009, the most obvious beneficiaries were the market’s established international players. But a crop of local OTC clearing houses is also springing up in markets such as Japan, Poland, Singapore and Sweden – to the dismay of some market participants, who fear the effects of fragmentation. They may just have to get used to it, according to Siddhartha Roy, chief risk officer at the Clearing Corporation

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