EU’s evolving CCP resolution rules get mixed reviews
Isda AGM: Parliament tackles big issues in recovery and resolution text, but doesn’t go far enough, banks say
Read all our coverage from the Isda AGM here
Clearing members have mixed feelings about the European Parliament’s plans for clearing house recovery and resolution rules. On one hand, legislators expect venues to put more of their capital at risk, and take some of the hit in the event of a non-default loss – both good things, banks say. On the other, banks believe the burden should be greater, and fret about the flexibility given to authorities when winding up a stricken central counterparty
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