JPM Risk Chief: CCP Need ‘Skin In the Game’
Regulators should force derivatives clearing organizations to retain 50% of their earnings over the previous four years in a segregated deposit account, on a rolling basis, as a safeguard in the case of counterparty defaults, said Barry Zubrow, chief risk officer at JPMorgan, in a comment letter to the Commodity Futures Trading Commission.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts
