RBA bulletin considers CCP resolution


The Reserve Bank of Australia's latest quarterly bulletin, published earlier this week, features an article discussing the recovery plans for central counterparties (CCPs) and the "potential elements" that could make up a resolution regime.

In Recovery and Resolution of Central Counterparties, Matt Gibson observes that widespread central clearing of over-the-counter derivatives will "increase market participants' dependence on CCPs and further increase both CCPs' importance to the stability of

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