EU hands CCP members a narrow win on skin in the game
Clearing members could use the final rules to push for higher CCP capital globally
You win some, you lose some. After an almost four-year battle between central counterparties and their clearing members about who pays when a clearing house fails, European Union legislators have been able to strike a compromise. The result leaves both sides feeling satisfied on some scores, but disappointed on others.
One change clearing members have managed to bag is a provision that will mean European CCPs will have to put more of their own resources on the line. The amount of so-called skin
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