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

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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 –

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