Bloating CCP default funds. New margin models. Are the two linked?
Dealers grumble that greater guaranty fund payments could undermine the ‘defaulter pays’ principle of clearing
Source: risk.net
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Dealers grumble that greater guaranty fund payments could undermine the ‘defaulter pays’ principle of clearing
Hypothetical stress losses behind latest spike in member contributions
Esma’s decision forces re-weighting of local exposures by EU dealers
Requirements from CCPs up 19% across 13 EU and UK banks
Aggregate increase across US clearing banks pushes requirements to highest point since 2021