Clearing houses urge CFTC to act on non-default losses
US clearing members divided on whether NDLs are CCPs’ responsibility or a mutual risk
Clearing house operators have told the Commodity Futures Trading Commission they need more government intervention on how to allocate losses not caused by the default of a clearing member.
“We need further regulatory guidance on the matter, and not only because it relates to how recovery and resolution is handled in general. [It] is an area that is controversial and not one we can ourselves
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