Clearing experts clash on CCP recovery and resolution

Clearing experts vigorously debated the topic of central counterparty (CCP) recovery and resolution this week at the Futures Industry Association's International Derivatives Expo (IDX).

  • By Costas Mourselas
  • 08 Jun 2017

Barry Hadingham, the head of derivatives and counterparty risk at Aviva Investors, complained that the buy-side “isn’t homogeneous” and that his clients “end up subsidising the system” despite bringing “little counterparty risk” to the table.

“This smells of 2008,” said Hadingham. “Clearing houses are saying that you should ...

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