July 30, 2020
Whether CCP equity should and can be used as a loss bearing resource in resolution is subject of extensive discussions, including the FSB consultative document Guidance on financial resources to support CCP resolution and on the treatment of CCP equity in resolution. ISDA has asked Allen & Overy to produce a memorandum to consider the type and nature of loss to which the equity of EEA central counterparties might be exposed on a CCP resolution based upon the proposed CCP recovery and resolution regulation under the Council compromise text and in particular, whether CCP equity would naturally be expected to be written down whenever a resolution occurs.
Share This Article:
Share A&O Memorandum on CCP Equity and No-Creditor-Worse-Offon Facebook. May trigger a new window or tab to open. Share A&O Memorandum on CCP Equity and No-Creditor-Worse-Offon Twitter. May trigger a new window or tab to open. Share A&O Memorandum on CCP Equity and No-Creditor-Worse-Offon LinkedIn. May trigger a new window or tab to open. Share A&O Memorandum on CCP Equity and No-Creditor-Worse-Offvia email. May trigger a new window or your email client to open.Documents (1) for A&O Memorandum on CCP Equity and No-Creditor-Worse-Off
Related Articles
Clearing
Apr 28, 2022
Infrastructure
ISDA, IIF and FIA Respond to FSB Consultation on CCP Resources in Recovery and Resolution
Tags:
Clearing
Apr 25, 2022
Infrastructure
Response to ESMA on CCP Climate Stress Testing
Tags:
Clearing
Apr 4, 2022
Infrastructure
ISDA Responds to ESMA on Margin Procyclicality Tools
Tags: