Year-end deadline for fixing CCP recovery plans 'not realistic'

Some central counterparties are unable to maintain a continuous 'cover two' standard

deadline
Race against time: CCPs are under pressure to fix recovery plans before the year end

Clearing houses could struggle to meet a year-end deadline to fix deficiencies in risk management and resolution planning identified by regulators in a report published on August 16.

"I don't think a December 31 target for remedying some of the shortcomings is a realistic target," says Willa Bruckner, a partner specialising in derivatives at law firm Alston & Bird in New York.

The Bank for International Settlements' Committee on Payments and Market Infrastructures (CPMI) and the International

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here