Central Counterparties Resolution—An Unresolved Problem

Author/Editor:

Manmohan Singh ; Dermot Turing

Publication Date:

March 20, 2018

Electronic Access:

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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:

English

Publication Date:

March 20, 2018

ISBN/ISSN:

9781484347300/1018-5941

Stock No:

WPIEA2018065

Pages:

23

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