Bank of England calls for greater transparency on CCP margin modelling

transparent-profits

Central counterparties (CCPs) should provide complete transparency over the modelling of their margin requirements and how they cross-margin between different product lines, according to Edwin Schooling Latter, head of payments and infrastructure at the Bank of England.

A large number of CCPs globally are aiming to take advantage of regulatory mandates that will require standardised over-the-counter derivatives to be cleared at a clearing house, with many operating as commercial enterprises. In

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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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