BoE's Tucker: weak CCP recovery plans risk mayhem

paul-tucker

Until clearing houses develop detailed recovery and resolution plans (RRPs), the financial system runs the risk of a catastrophe that would rival the turmoil caused by large banking collapses, warned Paul Tucker, deputy governor of the Bank of England, during a panel discussion at a European Commission conference in Brussels on Monday.

"This is a big gap in the international, regional and national architectures," said Tucker. "If you ask people what would happen when a central counterparties

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: