ECB's Cœuré weighs pros and cons of central clearing


The trend towards more central clearing is welcome as it helps manage risks better than bilateral clearing could, ECB executive board member Benoît Cœuré said in a speech in Washington, DC, on Thursday, but he also warned it concentrates risk.

There are "four main benefits" that explain the market-driven and regulatory push for central clearing, according to Cœuré: central counterparties (CCPs) overcome information asymmetries in the market; they offer state-of-the-art margining and risk

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