Regulators may consider portability in CCP fire drills

BoE, BaFin and CFTC move signals concern over whether client positions can be moved between banks in a crisis

Moving packages in a warehouse
Shifting positions: regulators concerned over transfer of client positions between clearing members

The Bank of England, along with regulators in the US and Germany, is considering testing the capacity of clearing members to absorb the client positions of failed banks in upcoming clearing house fire drills – a sign that supervisors are concerned about growing levels of concentration in clearing provision.

The drills, which will be expanded this year to include CME Group in addition to LCH and Eurex, are a simulation of whether a central counterparty (CCP) is able to continue its operations in

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 or view our subscription options here:

You are currently unable to copy this content. Please contact 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 View our subscription options

If you already have an account, please sign in here.


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

This address will be used to create your account

Calibrating interest rate curves for a new era

Dmitry Pugachevsky, director of research at Quantifi, explores why building an accurate and robust interest rate curve has considerable implications for a broad range of financial operations – from setting benchmark rates to managing risk – and hinges on…

You need to sign in to use this feature. If you don’t have a 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