Central Counterparties Resolution—An Unresolved Problem

Author/Editor:

Manmohan Singh ; Dermot Turing

Publication Date:

March 20, 2018

Electronic Access:

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Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

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. 18/65

Subject:

English

Publication Date:

March 20, 2018

ISBN/ISSN:

9781484347300/1018-5941

Stock No:

WPIEA2018065

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

23

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