CCP resolution guidelines ‘a missed opportunity’
Measures set out by CPMI-Iosco and the Financial Stability Board last week are accused of not going far enough in specifying a standard approach to central counterparty recovery and resolution
Newly issued international guidance on recovery and resolution regimes for central counterparties (CCPs) does not set out a clear enough path for national regulators, senior industry participants have argued, raising fears that the rules may be implemented inconsistently in different jurisdictions.
Published on October 15, the two papers – one from the Committee on Payments and Market Infrastructures and the International Organization of Securities Commissions (CPMI-Iosco) on recovery measures
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