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A “Principled” Approach to International Guidance for Central Counterparties


Abstract: Following the 2007?08 financial crisis, the G20 agreed to implement a clearing mandate, requiring all standardized over-the-counter derivatives to be cleared through a central counterparty (CCP). The central role of CCPs in post-crisis financial markets has increased the interest of both national authorities and international standard setters in CCP regulation.

Keywords: Central counterparties; derivative securities; over-the-counter markets;

https://doi.org/10.21033/cfl-2018-400

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Provider: Federal Reserve Bank of Chicago

Part of Series: Chicago Fed Letter

Publication Date: 2018

Order Number: 400