Capital buffers for CCPs ‘the way forward’, says CPMI chair

ECB board member Benoît Cœuré calls for minimum capital requirement and stress testing of CCPs

Benoit Coeure
Benoît Cœuré, CPMI chair: “I would be very much in favour of the concept of a Pillar 2 for CCPs”

Central counterparties (CCPs) should be subject to a similar regime of minimum capital requirements and stress testing as banks, says Benoît Cœuré, a member of the executive board of the European Central Bank and chair of the Basel-based Committee on Payments and Market Infrastructures (CPMI).

Speaking in an exclusive interview with, Cœuré criticises the current debate around recovery and resolution for CCPs as being too general and not focusing enough on the specific circumstances of

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