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Multiple local CCPs better than one global super-CCP – Siddhartha Roy profile
The chief risk officer at Indian clearing house, the Clearing Corporation of India Limited (CCIL), Siddhartha Roy, explains there may be advantages in a network of smaller, local clearing houses rather than a single, overarching establishment
![siddharta-roy siddharta-roy](/sites/default/files/styles/landscape_750_463/public/import/IMG/587/196587/siddhartha-roy-580x358.jpg.webp?itok=XxVLC38D)
When the G-20 nations committed themselves to over-the-counter derivatives clearing in September 2009, the most obvious beneficiaries were the market’s established international players. But a crop of local OTC clearing houses is also springing up in markets such as Japan, Poland, Singapore and Sweden – to the dismay of some market participants, who fear the effects of fragmentation. They may just have to get used to it, according to Siddhartha Roy, chief risk officer at the Clearing Corporation
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