Regulators to put CCP risks under microscope
CPMI-Iosco stress-testing quiz will be precursor for broader risk review
An international effort to standardise stress tests for clearing houses has morphed into a broader evaluation of their risk management practices. Banks and buy-side firms have been calling for central counterparties (CCPs) to be subject to more stringent standards.
The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (Iosco) set up a working group last October to examine the stress-testing practices of CCPs.
But the group is now
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