Higher margins would aid clearing stability – Ice Clear chief
Using volatility floors to aid “higher margins in peacetime” would have to be globally applied policy, warns Serafini
The head of London’s largest futures clearing house has voiced support for measures that would see clearing house margins stay permanently higher once the current period of heightened volatility sparked by the Covid-19 pandemic subsides.
Speaking at an industry event on June 24, Ice Clear Europe president Hester Serafini voiced tentative support for the idea of reviewing volatility floors at CCPs to encourage “more margin stability over time” – but argued any such moves would have to be adopted
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