After Covid, CCPs face calls for revamped disclosures
Banks and buy-side firms working with clearers to provide more granular info on margin shortfalls
Banks and their clients are pushing for prompter and more detailed disclosures from clearing houses on critical issues such as margin shortfalls, amid renewed scrutiny of the potential risk posed by their exposure to central counterparties (CCPs) in the aftermath of Covid-19-induced market volatility.
Clearing houses are already required to make quarterly quantitative disclosures on metrics such as their total liquid resources, the size of their default funds, and the quantity and size of
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