CCP contest starting to heat up
LCH.Clearnet's then-chief executive, Roger Liddell, knew what he was doing when he told Risk in April last year that the margin standards being used by one of the firm’s rivals were “bordering on reckless” (Risk May 2010, page 9). With regulators staking so much on the shift to central clearing, it was a remark that would generate headlines and focus attention on that rival – Nasdaq OMX-backed start-up, International Derivatives Clearing Group (IDCG).
IDCG responded with a vigorous defence of
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