Banks voice fresh concerns over CCP non-default losses
Dealers could face cash calls to recapitalise an ailing CCP that suffers a critical non-default loss under FSB proposals
Dealers have criticised proposals from supervisors that could see them subjected to cash calls to cover extreme non-default losses at clearing houses – those which threaten a central counterparty’s (CCP) existence but do not result from a member default, such as investment or operational losses.
The fears were stoked by draft guidance issued by the Financial Stability Board (FSB), which is
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The risk agenda is shifting beyond market and credit volatility towards operational resilience, AI governance and culture
