CCP stress test plan faces implementation hurdles

Author: Gemma Varriale | Published: 10 Dec 2014

The International Swaps and Derivatives Association (Isda) has called on clearinghouses to open up about the risks they take - and what's being done to safeguard the market.

The Wall Street trade group recently recommended that clearinghouses, which are designed to protect member firms in case of default during a derivatives transaction, undergo mandatory stress tests. It’s just the latest in a series of calls for greater transparency.

Central counterparties (CCPs) have become a crucial part of the derivatives market infrastructure, supported by regulation that requires standardised over-the-counter (OTC) derivatives to be cleared.

Given the systemic...



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