CCP interoperability not achievable in near term, say clearers
CCP interoperability will not resolve fragmentation in the OTC markets, say panellists at Isda Europe conference in London
Interoperability between central counterparties (CCPs) in the over-the-counter derivatives market is not a realistic prospect in the near term, according to a panel of clearing experts, speaking at an industry conference this morning. Their comments will disappoint some regulators, who had hoped CCP interoperability might help mitigate the impact of multiple, domestic clearing houses being established in individual jurisdictions.
A number of regulators, including those in Australia, Japan and
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