CCP structure increases systemic risk, says IMF economist
The failure to establish either a single global central counterparty (CCP) or a viable approach to interoperability of CCPs means the move to central clearing has simply increased the number of institutions in the global financial system that are too big to fail, according to Manmohan Singh, senior economist at the International Monetary Fund.
Speaking at a panel discussion at the Sibos financial infrastructure conference in Osaka, Japan, Singh said that despite the efforts of the Group of 20
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