Central Banking

FSB proposes global standard to tackle failed CCPs

Report warns authorities not to rely on any single tool but adopt a “toolbox approach”

The Bank for International Settlements, Basel
The Bank for International Settlements, Basel
Photo: Ulrich Roth

The Financial Stability Board has laid out a global standard to govern how authorities prepare to resolve central counterparties (CCPs) whenever they fail.

The FSB launched a consultation on the standard today (September 19), building on its previous work to boost the resilience and recoverability of CCPs. Under the proposed framework, authorities must be able to deploy a range of tools and tap into various resource pools if a CCP fails. Using any one option in isolation is likely to come with

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