Passing the port? Drill needs more CCP hands in key test
As few plan to test porting, brokers say finer asset segregation, reg waivers and capital relief would help
In Warner Brothers cartoons, Wile E Coyote is forever buying would-be lethal weapons – a giant anvil, a case of dynamite – from the fictional Acme Corp. But the ensuing efforts to ambush his arch enemy the Road Runner inevitably backfire, and he gets clobbered by his own device.
Such self-sabotage is something central counterparties (CCPs) are trying to guard against with a biennial fire drill, in
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