Sunil Cutinho on CME’s crisis performance
Maverick clearing house boss dismisses the need for anti-procyclicality tools imposed by regulators
Sunil Cutinho doesn’t have an easy job.
As president of CME Clearing, the technologist-turned-risk-manager is responsible for a vast complex of products and services across futures, options and over-the-counter instruments. Almost 22 million contracts changed hands on the exchange every day in the first quarter of this year.
On top of working to overhaul the clearer’s margin framework over the past few years, Cutinho had to manage CME’s response to the coronavirus crisis, which, in many ways
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