BoE's Carney: liquidity support for CCPs is a 'last-resort option'

mark-carney-financial-stability-board

Central counterparties (CCPs) will receive liquidity support from the UK central bank only as a last resort, Mark Carney, governor of the Bank of England (BoE) has warned – under all other conditions, a CCP must be able to get by on its traditional waterfall of financial resources.

"It is extremely important that CCPs organise themselves to make sure they can provide the necessary resilience plan through the waterfall arrangements that are in place – and through their own liquidity insurances –

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net 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 indvidual account here: