CCP Risk archive
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FIA urges balance in response to BCBS, CPMI, IOSCO consultation on margin
FIA has responded to a consultation by the Basel Committee on Banking Supervision (BCBS), Committee on Payments and Market Infrastructures (CPMI), and the International Organization of Securities Commissions (IOSCO) on the impact of market volatility in 2020 on central counterparties and initial margin requirements.
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FIA and ISDA respond to BofE consultation on stress testing
FIA and the International Swaps and Derivatives Association (ISDA) welcomed a consultation by the Bank of England (the Bank) on supervisory stress testing. The Associations together agreed overall with the presented approach. However, given the huge effort to run supervisory stress tests, the Associations jointly proposed for global regulators to join forces and run joint SSTs.
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Derivatives industry cautiously optimistic on UK clearing proposals
Bank of England says it will not "politicise" how it supervises non-UK CCPs
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CFTC Market Risk Advisory Committee adopts CCP risk and governance reports
The US Commodity Futures Trading Commission held a public meeting of its Market Risk Advisory Committee (MRAC) on 13 July, via teleconference. At the meeting, the MRAC adopted two final reports from the Central Counterparty (CCP) Risk and Governance Subcommittee.
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CFTC Market Risk Advisory Committee discusses CCP margin, DCO disclosures
The US Commodity Futures Trading Commission held a meeting of its Market Risk Advisory Committee (MRAC) on 23 February via teleconference. Among other matters, the MRAC considered reports on CCP margin methodologies at central counterparties and how CCPs adopt rules and respond to feedback from market participants.
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FIA highlights CCP margin procyclicality concerns to European Regulators
FIA today presented to the European Securities and Markets Authority (ESMA) on the issues experienced in the spring of 2020 when high volatility and procyclicality of margin requirements were experienced in the global clearing system.
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FIA issues white paper on the impact of pandemic volatility on CCP margin requirements
FIA today released a white paper that examines the dramatic increase in margin requirements at derivatives clearinghouses during the first quarter of 2020 due to increased market volatility related to the pandemic.
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