CCPs

Ashwini Panse
CCPs

CCPs offer a high degree of transparency for parties involved in the clearing process

Published: Sep 2021
Ashwini Panse, Chief Risk Officer, North American Clearing Houses at ICE, outlines the important steps being taken to bolster the critical role of CCPs in maintaining the transparency and stability of the global financial system.
Robert S. Steigerwald
CCPs

Incentives, Commitment, and Financial Stability in Central Clearing – the Special Case of CCP Default Management, Recovery, and Resolution

Published: Jun 2021
Robert Steigerwald, Senior Policy Advisor at the Federal Reserve Bank of Chicago, examines the salient issues in default management, recovery, and resolution in CCPs.
Dr Eva Hupkes
CCPs

Dealing With Events at the End of the Tail

Published: Jun 2021
The pandemic crisis highlighted both the importance of CCPs for financial stability and the need to future-proof them with an international policy framework, says Dr. Eva Hupkes, Head of Regulatory and Supervisory Policies at the Financial Stability Board.
Froukelien Wendt
CCPs

A Regulator’s Perspective on Anti-Procyclicality Measures for CCPs

Published: Jun 2021
CCPs in the EU remained resilient during the pandemic crisis. ESMA will now analyse what lessons can be learned from the crisis in 2020 and how its APC measures may be developed to further enhance CCPs’ resilience in handling potential future stress events, says Froukelien Wendt, member of the CCP Supervisory Committee at the European Securities and Markets Authority.
John McPartland
CCPs

Challenging Skin in the Game

Published: Apr 2021
Are the arguments for more skin in the game valid? John McPartland, Director of Research at Hidden Road Partners LP thinks not.
Dawn DeBerry Stump
CCPs

Clearing Up a Few Things About Clearing

Published: Apr 2021
As derivatives markets look toward a post-pandemic era, Dawn DeBerry Stump, Commissioner of the Commodity Futures Trading Commission, discusses the importance of education and collaboration in emerging stronger from the crisis.
John P. Davidson
CCPs

The Economics of Central Clearing; a commentary

Published: Apr 2021
Closer collaboration among CCP practitioners and academic finance and economic faculty is a good thing. Suitably anonymised data upon which detailed analysis can be performed will enable a better understanding of the role of CCPs in modern financial markets, writes John P. Davidson, Chief Executive Officer of the Options Clearing Corporation (OCC)
Pedro Gurrola
CCPs

WFE Clearing & Derivatives Conference 2021 sets new benchmarks

Published: Apr 2021
The growing dialogue between academia, policymakers, and the post-trade industry can only work to the benefit of all sides, particularly as complex questions around issues such as market liquidity and procyclicality gain traction, writes WFE’s Head of Research, Pedro Gurrola.
John McPartland
CCPs

Mutualised clearinghouse risk evolves beyond the age of all-for-one

Published: Oct 2020
John McPartland has been a central banker, settlement banker, senior executive of two FCMs and deputy manager of a major CCP during a 45-year career in the industry