CCPs criticise JP Morgan clearing white paper

CME, Eurex, LCH.Clearnet: no need for new loss funds or more CCP capital

JP Morgan
JP Morgan: white paper criticised

Central counterparties (CCPs) have criticised a JP Morgan paper calling for them to hold more capital and create new recapitalisation funds, saying the proposals would be expensive and unnecessary.

The bank's white paper on CCP recovery and resolution procedures, released on September 11, proposed CCPs and clearing members pre-fund an additional recapitalisation fund, which would be held in escrow at a central bank or government agency. If a CCP ran into trouble and burned through all the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a 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 individual account here: