ISDA lays out views on CCP recovery and resolution
The International Swaps and Derivatives Association (ISDA) released new recommendations on how to manage the recovery and resolution of central counterparties (CCPs) on Monday. The organisation also encouraged regulators to not distract themselves with 'politically driven topics', citing the debate on whether certain clearing houses should be relocated to European Union member states after Brexit.
CCPs, which position themselves between buyers and sellers to minimise risk, have become far more important in the wake of the 2008 financial crisis, as global regulators have passed measures to force market participants to use clearing services.
One of the advantages touted by CCP advocates includes the ability
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