Basel reports target gaps in CCP resolution framework
Reports by CPMI-Iosco and FSB find there are still gaps in CCP resolution work
Central counterparties (CCPs) and the authorities overseeing them need to do more to ensure the collapse of an institution does not do major damage to the financial system, according to a set of reports published today by global standard-setters.
The Committee on Payments and Market Infrastructures at the International Organization of Securities Commissisons (CPMI-Iosco) released reports studying the risk management and recovery practices of CCPs, and offering more detail on the principles for
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