Trade body says members need more input into clearing house governance
FIA Global, the
international trade association, has outlined a proposed
framework for addressing central counterparty (CCP) risk
The trade association,
which represents the interests of the centrally cleared
markets, released a position paper on CCP risk on Tuesday,
outlining a number of key recommendations to improve CCP risk
To help clearing members assess CCP risk,
the paper suggests CCPs adopt consistent rulebooks and risk
methodologies to provide transparency and certainty with
respect to their assessment and management of risks both before
and after a participant default.
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