Central Counterparties Resolution—An Unresolved Problem
Author | : Mr.Manmohan Singh |
Publisher | : International Monetary Fund |
Total Pages | : 23 |
Release | : 2018-03-20 |
ISBN-10 | : 9781484347300 |
ISBN-13 | : 1484347307 |
Rating | : 4/5 (307 Downloads) |
Download or read book Central Counterparties Resolution—An Unresolved Problem written by Mr.Manmohan Singh and published by International Monetary Fund. This book was released on 2018-03-20 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recovery and resolution regimes are being developed for central counterparties (CCPs). We analyse current resolution tools in the context of policy, which is to restore the critical functions of a failed CCP. We conclude that the toolkit is insufficient to avoid the costs of resolution being borne by taxpayers, and propose alternative policy suggestions for addressing the problem of a failed CCP.