CCP risk panels aren’t listening, banks say
Simmering resentment surfaces as two banks insist committees be more responsive to clearing members
Two big banks have insisted that risk committees at clearing houses take greater account of their voices when green-lighting newer, riskier products for clearing.
At banks, there has been quiet consternation over the clearing of products such as bitcoin futures, given that if any of these blew up, clearing members would be on the hook for the losses.
Marnie Rosenberg, managing director and head of clearing house risk and strategy at JP Morgan, said products like bitcoin futures, swaptions and
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