Year-end deadline for fixing CCP recovery plans 'not realistic'

Some central counterparties are unable to maintain a continuous 'cover two' standard

Race against time: CCPs are under pressure to fix recovery plans before the year end

Clearing houses could struggle to meet a year-end deadline to fix deficiencies in risk management and resolution planning identified by regulators in a report published on August 16.

"I don't think a December 31 target for remedying some of the shortcomings is a realistic target," says Willa Bruckner, a partner specialising in derivatives at law firm Alston & Bird in New York.

The Bank for International Settlements' Committee on Payments and Market Infrastructures (CPMI) and the International

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