CCP reform risks further bailouts: IMF research

IMF headquarters in Washington, DC

An IMF paper published in March says regulatory reforms to move over-the-counter derivatives to central counterparties are unlikely to reduce systemic risks and could increase the likelihood of future taxpayer funded bailouts.

Manmohan Singh, a senior IMF economist and the paper's author, examines the interoperability of central counterparties and the cost of moving to central counterparties with access to central bank funding. Singh says present efforts to move over-the-counter derivatives to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.