CCPs urged to coordinate on default management

Regulators may need to provide a framework for CCP interaction

team-paper-doll-people-holding

Every central counterparty (CCPs) prepares for the default of a large clearing member. But navigating a real-life crisis will require greater coordination between CCPs and standardisation of default management processes, regulators were told yesterday.

The largest CCPs have many of the same clearing members, and should one of these firms default, it could result in multiple CCPs running their default management processes at the same time.

In this scenario, healthy clearing members could be

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 info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

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 individual account here