BoE paper: CCP legal framework may need work
Areas of the legal framework governing how central counterparties (CCPs) handle defaults may need to be buttressed, according to a financial stability paper published today (May 11) by the Bank of England (BoE).
Authors Jo Braithwaite and David Murphy note the legal aspects of how CCPs handle the default of a counterparty are an under-studied area, in Got to be certain: the legal framework for CCP default management processes.
While they find many aspects of the framework are robust, they say
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