Bypassing consent may aid CCP porting – report

CPMI-Iosco report says clearing houses cannot reasonably accommodate client preference; brokers favour rule book harmony

Consent

Clearing houses could more successfully transfer end-user derivatives positions from a defaulting clearing member to a healthy one if they dispense with the client consent process, a group of international regulators finds. Yet industry participants remain wary of the approach and instead call on central counterparties (CCPs) to harmonise their rule books.

A report published today (September 8) by the Bank for International Settlements’ Committee on Payments and Market Infrastructures and the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

The changing shape of risk

S&P Global Market Intelligence’s head of credit and risk solutions reveals how firms are adjusting their strategies and capabilities to embrace a more holistic view of risk

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here