BIS delves into dangers of ‘CCP-bank nexus’

The Bank for International Settlements has publish a research paper exploring the risks that spring from the close linkage between banks and clearing houses (CCPs) through OTC derivatives.

  • By Ross Lancaster
  • 17 Dec 2018

Migration of bilateral positions to central clearing models has swept through interest rate and credit OTC derivatives markets since the great financial crisis.

As the BIS report’s authors — Umar Faruqui, Wenqian Huang and Elod Takáts — acknowledge, the credibility of the CCP model was bolstered by clearing ...

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