Margin or membership? Regulators react to Nasdaq default

Five supervisors – from Bafin to the MAS – downplay idea of mandatory increase in futures MPOR

Global clearing houses are regulated by a college of supervisors drawn from across the countries where the central counterparty’s (CCP) clients are based. So when a CCP is forced to draw down heavily from its members’ default fund after losses suffered by a single private trader, supervisors are likely to have something to say about it.

In September 2018, Nasdaq Clearing members were left nursing losses of €107 million ($122 million) when an independent commodity trader clearing his own account

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: