Basel Committee may adjust 'blunt' CCP default fund capital


Regulators could revise proposals for the calculation of default fund capital requirements - possibly trimming the cost of joining a central counterparty (CCP) - after admitting the original approach, based on the current exposure method (CEM), is blunt and fails to take account of netting between different members of a CCP.

"We accept the CEM needs to be reviewed to ensure the way netting is accounted for reflects how netting works in a CCP - that's what we're working on right now. CEM is

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 or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free registration? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a 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