SFOA conference: Eurex supports central bank access for CCPs

Derivatives clearing houses should be able to rely on central bank liquidity support, says Eurex exec at SFOA annual conference

Derivatives clearing houses should be able to draw on central bank liquidity during times of crisis, according to Matthias Graulich, executive director of Eurex Clearing in Frankfurt. His opinion puts Eurex in the same camp as some regulators, but sets it apart from other central counterparties (CCPs) such as LCH.Clearnet and Ice Clear Europe, which argue they have enough liquidity to stand alone. Graulich's views – aired during a discussion on clearing at the Swiss Futures and Options