BoE praises implementation of new loss-allocation rules for clearing members
Will help ensure CCPs considered too big to fail do not assume support from public funds
UK central counterparties (CCPs) have made a number of improvements to their risk management arrangements in the past year, including the introduction of new margin models and systems for managing clearing member default losses that exceed their pre-funded resources, according to the Bank of England's (BoE) annual report on supervision of financial market infrastructure, released today.
"Implementing loss-allocation rules that help ensure that CCPs, which might be considered ‘too important to
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