Jane Diplock, an independent director of the Singapore Exchange (SGX), has lauded the venue for putting more capital at risk than other leading clearing houses, claiming the commitment means the firm is "ahead of the curve".
SGX has committed to put up at least 25% of the capital in its default waterfall, while the Monetary Authority of Singapore requires a CCP to contribute capital equal to 25% of the aggregate guaranty fund.
Meanwhile, the European Market Infrastructures Regulation (Emir) requ
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