Risk & Return Canada: CCPs won’t stop future crises, says academic

maginot-line-2
The Maginot line in 1944

Legislators have put too much faith in central counterparties (CCPs), but they are not certain to prevent future crises, an academic has warned.

Speaking at the Risk & Return Canada conference in Toronto yesterday, Thorsten Koeppl, associate professor at Queen's University at Kingston, compared CCPs to the Maginot line – a line of concrete fortifications built by the French in the 1930s to protect the country against an invasion by Germany.

"CCPs seem like a strong bulwark of the financial

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