Newsletter
A “Principled” Approach to International Guidance for Central Counterparties
Lewis, Rebecca (2018)
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.
Chicago Fed Letter