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LCH, JP Morgan question BoE's CCP resolution powers

Risk.net Isda AGM: UK proposals gives central bank broad powers to intervene in winding up stricken clearers Rachael King Print this page   Senior risk managers at the UK’s largest central counterparty and one of its biggest members have questioned the scope of the UK’s proposed CCP resolution framework. The draft rules would give broad powers to the Bank of England to allocate losses and intervene in the resolution of failing UK clearing houses. In February, a UK Treasury cons...
United Kingdom United Kingdom Treasury Jp Morgan Bank Of England Boe Hm Treasury United Kingdom Uk
Source: risk.net

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