Resilience, recovery, resolution and CCP interdependencies are focus in 2016
The director of financial markets
infrastructure at the Bank of England on Wednesday outlined a
new joint working plan to ensure the resilience of central
Speaking at the FOW's Post Trade forum in
London, David Bailey said: "I increasingly hear central
counterparties (CCPs) being described as
'super-systemic’ or 'the new 'Too Big To
Fail’. It is right, therefore that we take stock
of the extensive work that has been undertaken domestically and
internationally, led by the Financial Stability Board (FSB), to
deliver a robust regulatory regime for CCPs."
The head of financial market
infrastructure at the Bank of England Bailey Wednesday
highlighted regulatory achievements in strengthening CCPs, the
challenges that remain and how the FCA plans to tackle
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