Regulators’ margin model rules too lax – BlackRock exec

Risk USA: EU anti-procyclicality rules like “putting a curtain over a draughty window”

EU flag and data

A senior executive at the world’s largest fund manager has criticised the regulations that govern clearing house margin models, arguing the mechanisms they set out to stop margins rising too quickly during volatile periods are inadequate.

Eileen Kiely, a managing director specialising in clearing house risk at BlackRock, argued holes in anti-procyclicality rules meant central counterparties’ (CCPs) margins were not “sufficiently calibrated” to address the volatility that tore through global

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 info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net 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 Risk.net? View our subscription options

Register

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

This address will be used to create your account

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