Central Counterparties Resolution—An Unresolved Problem
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Summary:
Recovery and resolution regimes are being developed for central counterparties (CCPs). We analyse current resolution tools in the context of policy, which is to restore the critical functions of a failed CCP. We conclude that the toolkit is insufficient to avoid the costs of resolution being borne by taxpayers, and propose alternative policy suggestions for addressing the problem of a failed CCP.
Series:
Working Paper No. 2018/065
Subject:
Bank resolution Bank resolution framework Banking Central counterparty clearing house Crisis resolution Financial crises Financial markets
English
Publication Date:
March 20, 2018
ISBN/ISSN:
9781484347300/1018-5941
Stock No:
WPIEA2018065
Pages:
23
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