Merc said clearing houses do not create additional risk unlike their members
CME Group, the US
exchange group, has become the latest clearer to enter the
central clearing party (CCP) "skin in the game" debate,
slamming calls by some markets participants for clearing houses
to increase their contributions.
In a white paper
released on Tuesday, the US group said that given CCPs create
"no additional market risk, it is unreasonable to conclude that
CCPs should contribute excessive amounts of capital to the
default waterfall, as has been suggested by some in the
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