Recovery rules would force CCPs to accept operational losses
CCPs will be unable to pass on operational losses to clearing members, according to new CPMI-Iosco guidelines - Ice had previously sought to do so
Central counterparties (CCPs) will have to absorb all losses related to operational failures, according to new international guidelines. At least one clearing house - Ice Clear Europe - had previously sought to pass operational losses above a threshold level to its member firms.
The Committee on Payment and Market Infrastructures (CPMI) and the International Organization of Securities Commissions
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