European lawmakers urged to prevent CCP contagion risk

Samuel Wilkes
@wilkkes
28 May 2020

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Rules to resolve ailing central counterparties must change to ensure tools used by a CCP to allocate losses don’t force another over the cliff, Europe’s watchdog for systemic risk has warned.

“Having legal certainty in dealing with interoperable CCPs is crucial,” says Giuseppe Insalaco, a principal financial stability expert at the European Systemic Risk Board. “Resolution authorities [must be able] to do their jobs quickly and without being afraid to act because they don’t know if there are

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