CCPs shun central banks in liquidity buffers rejig
LCH, Ice US and CME lead the way towards commercial banks
Liquidity buffers held at the end of the first quarter by 13 of the largest central counterparties (CCPs) languished at their lowest level since the end of 2019, a Risk Quantum analysis has found.
Total liquid resources – the pile of assets CCPs hold to cover member cash shortfalls or defaults – dropped from $832 billion at end-December to $795 billion at end-March, a fall of 4.4%. The aggregate
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