CCPs say central bank access needed to avoid liquidity crisis
Uniform access to deposit accounts and overnight liquidity vital, say market participants
Central counterparties have cheered recent support from regulators on access to central bank deposit accounts and liquidity facilities – but say more needs to be done to make this uniform, including reciprocal access for foreign CCPs, in order to guard against any future liquidity crisis.
“There seems to be a lot of support, not just for systemically important DCOs [derivatives clearing organisations] but other CCPs on getting access to central banks. I hope that we can see some progress in
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