CPSS-Iosco proposes risk standards for CCPs
Central counterparties (CCPs) should be able to survive the default of one or even two of their largest participants in a stressed market, according to a consultation paper released by the Committee on Payment and Settlement Systems (CPSS) and the International Organisation of Securities Commissions (Iosco) today.
The proposal mirrors one from the US Commodity Futures Trading Commission, issued last November, which would mandate CCP default funds large enough to withstand the failure of each
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