CCP recovery and resolution have been the focus of several regulatory bodies
The CEO of trade body the International
Swaps and Derivatives Association has said the evolving nature
of the boundaries between central counterparty recovery and
resolution is raising crucial questions for market
"The thinking is continually evolving,
particularly on the issue of resolution. An important recent
consideration has been when and how recovery becomes resolution
– in other words, at what point should resolution
authorities step in, and what tools will be available to them?"
said Scott O’Malia, the International Swaps and
Derivatives Association's chief executive officer.
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