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

BoE governor insists clearing houses must have enough liquidity to cope with default of two big member firms


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 Mark Carney, governor of the Bank of England (BoE)

"It is extremely important that CCPs organise

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