CCPs must get familiar with the C-factor

BCBS publishes new approach for calculating default fund margins

Financial pages

The Basel Committee on Banking Supervision (BCBS) published an interim framework for capital requirements for bank exposures to central counterparties (BCBS 227) in July 2012. Under BCBS 227, a central counterparty (CCP) is classed as a qualifying CCP (QCCP) when certain conditions are met.

Firstly, BCBS 227 requires that the CCP is based and prudentially supervised in a jurisdiction that has adopted the principles for financial market infrastructures developed by the Committee on Payment and Se

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