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

benoit-coeure-web
Benoît Cœuré, ECB: it’s time to take stock of PFMIs and consider whether this is enough

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 supplemented by regular supervisory stress tests. Those stress tests may then help dictate the additional

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: http://subscriptions.risk.net/subscribe

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 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: