EU hands CCP members a narrow win on skin in the game

Tug-of-war montage

You win some, you lose some. After an almost four-year battle between central counterparties and their clearing members about who pays when a clearing house fails, European Union legislators have been able to strike a compromise. The result leaves both sides feeling satisfied on some scores, but disappointed on others.

One change clearing members have managed to bag is a provision that will mean European CCPs will have to put more of their own resources on the line. The amount of so-called skin

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 or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

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