The CFTC has concerns about current standard practices around clearing houses
The Commodity Futures Trading Commission
has called on national regulators and global clearing houses to
tighten up the rules around these increasingly important pieces
of market infrastructure.
Mark Wetjen, a commissioner at the CFTC,
said in a speech regulators must focus on transparency, central
counterparties’ (CCP) contributions to their own
default fund and who is on the hook in the event of a clearing
Wetjen told a delegation in Singapore: "As
clearing volumes increase, we need to be cognizant of, and
effectively address, the resulting increased concentration of
risk in the cleared space."
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