UniCredit's Mustier ‘frightened’ by CCP capital levels
Italian bank's head of investment banking says he is worried by the low capital levels at Eurex and LCH.Clearnet, and suggests CCPs should not be for-profit entities. Clearing members are also pushing CCPs to boost their capital
UniCredit's head of corporate and investment banking is "frightened" by the low capital levels at central counterparties (CCPs) such as Eurex and LCH.Clearnet and has suggested that users should either provide unlimited contingent funding for CCPs or that clearing should not be run for profit at all.
"We are moving from interdependence of banks in terms of derivatives that are traded between banks
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