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Dealers and legislators left disappointed by CPSS-Iosco recommendations

Proposals on risk management by CCPs should be more detailed, say participants

patrick-pearson

A long-awaited set of recommendations for central counterparties (CCPs) that clear over-the-counter derivatives was published last month, but dealers and policy-makers have expressed concern the proposals don’t go far enough to create robust and consistent regulation of CCPs internationally.

On May 12, the Basel-headquartered Committee on Payment and Settlement Systems (CPSS) and the Madrid-based

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