CCP recovery and resolution: New tools, but no rules

Apocalypse never?

Mariam Rafi

When the Titanic hit an iceberg in the north Atlantic in 1912, it had 20 lifeboats on board, capable of carrying only half of its 2,200 passengers and crew – there had been little attempt to prepare for the worst. Financial regulators want to avoid that mistake as over-the-counter derivatives clearing houses set out on their own maiden voyage, carrying trades that will mushroom into hundreds of trillions of dollars.

As a result, clearing houses and their member firms are trying to add extra

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: