ISDA Morning Briefing: CCP Risk Management Best Practices – New York, October 24

In the last five years, two central clearinghouses (CCPs) experienced clearing member defaults which exceeded the defaulting member’s contribution to default resources and required the use of mutualized resources in the default fund, spreading default losses to other CCP participants. These defaults have highlighted troubling weaknesses in CCP risk management and underscore the importance of a more consistent implementation of best risk management practices by CCPs around the world.

Filter by Category

Clear All