Isda AGM: clearing regionalisation comes with costs, warn Shirvani and O'Connor
Outgoing and incoming Isda chairs warn multiple CCPs with divergent standards will threaten market liquidity
The liquidity of over-the-counter derivatives markets could suffer if central counterparties (CCPs) continue to multiply and are allowed to operate under different regimes from one country or region to the next, attendees at the International Swaps and Derivatives Asssociation's annual meeting were told this morning.
Delivering one of the opening addresses, the outgoing chair, Eraj Shirvani – who heads the fixed-income business for Europe, the Middle East and Africa at Credit Suisse in London –
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