CCP stress tests could help buy side pick winners
BlackRock exec calls for standardised test before European clearing starts
Making comparisons between clearing houses is "incredibly difficult", and standardised stress testing should be enforced to help asset managers make an educated choice in the run-up to mandatory clearing in Europe, according to Stuart Anderson, director of electronic and market structure at BlackRock.
Regulators are considering standard stress tests for central counterparties (CCPs) in order to establish a common measure of robustness, but most clearers object to the idea of a one-size-fits-all
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