Association weighs into debate over CCP skin in the game
The International Swaps and Derivatives
Association (Isda) has called for clearinghouses to put up a
greater contribution to default funds as part of a series of
key principles on CCP recovery and resolution.
The intervention from the association,
which is headed up by former CFTC commissioner Scott O'Malia,
comes as European regulators gear up to introduce new
legislation on CCP recovery and resolution next year.
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