CPMI-Iosco report surveys CCP tools for ‘non-default losses’
Central counterparties (CCPs) could be at risk of failure if they do not properly manage the risk of non-default losses (NDLs), but there is only a limited understanding of best practice at present, two global bodies say in a new report.
To better map out the landscape, the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (Iosco) carried out a survey how CCPs handle non-default losses.
Their report, published today (August 23)
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