CCP recovery funds would inspire risk management – JFSA
This approach would align the interests of clearing houses and their members
The establishment of recovery funds for central counterparties (CCPs) that clearly articulate who bears the cost in the event of their failure would give both members and owners an incentive to monitor uncontrolled risks more carefully, according to a senior figure from the Japan Financial Services Agency (JFSA).
While acknowledging certain issues such as mutual recognition and substituted compliance have yet to be resolved, Ryozo Himino, vice-commissioner for international affairs at the JFSA
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