CCPs say central bank access needed to avoid liquidity crisis

Uniform access to deposit accounts and overnight liquidity vital, say market participants

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Central counterparties have cheered recent support from regulators on access to central bank deposit accounts and liquidity facilities – but say more needs to be done to make this uniform, including reciprocal access for foreign CCPs, in order to guard against any future liquidity crisis.

“There seems to be a lot of support, not just for systemically important DCOs [derivatives clearing organisations] but other CCPs on getting access to central banks. I hope that we can see some progress in

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