Stenning's comments were made at Isda’s Europe conference in London on Tuesday
European clearing members have called on
clearing houses to increase their default fund contributions or
"skin in the game" to take into account the increased risk
brought to the system with the addition of new products and
classes of clearing members.
Speaking at the International Swaps and
Derivatives Association’s (Isda’s)
Europe Conference in London on Tuesday, Bill Stenning, managing
director clearing, regulatory and strategic affairs at Societe
Generale, said central counterparty (CCP) "skin in the game"
must be recalibrated to take into account new products and
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