Interview: ECB’s Benoît Cœuré on CCP capital and stress testing
"I would be very much in favour of the concept of a Pillar 2 for CCPs", says CPMI chair
As increasing volumes of over-the-counter derivatives are submitted for clearing by central counterparties (CCPs), so these entities are experiencing greater scrutiny of their financial resources and risk management practices.
For banks, the period since the 2008 financial crisis has seen a situation emerge in which firms are subjected to tougher Pillar 1 capital requirements, which are
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