Fed supervisor presses banks to address CCP exposures

Risk USA: Regulator says more information is needed to fully understand the risk of cleared trades

Illustration of data storage
Data gathering: banks encouraged to collaborate in assessing CCP risks

A senior US regulator has urged banks to work together to obtain more granular risk data from central counterparties.

Jeanmarie Davis, a senior vice-president in the supervision division at the Federal Reserve Bank of New York, said banks need to pay close attention to the risks associated with cleared trades. “Many of you submit your trades to CCPs, but when you submit the trade it doesn’t mean the risk goes away. There are residual risks, potential calls for additional margin,” she said. “And

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