LCH and x-clear to launch pan-European CCP next year

The structure will support two interlinked CCPs provided by LCH and x-clear. Both CCPs will clear the full range of stocks traded on virt-x, and members have a choice of service from the two counterparties.

The structure is intended to cater for the demand from a geographically diverse membership at virt-x, Lee Hodgkinson, director of business development at virt-x, told RiskNews. “One solution may not meet the needs of this membership, so we decided to take advantage of the existing

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Credit risk & modelling – Special report 2021

This Risk special report provides an insight on the challenges facing banks in measuring and mitigating credit risk in the current environment, and the strategies they are deploying to adapt to a more stringent regulatory approach.

The wild world of credit models

The Covid-19 pandemic has induced a kind of schizophrenia in loan-loss models. When the pandemic hit, banks overprovisioned for credit losses on the assumption that the economy would head south. But when government stimulus packages put wads of cash in…

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