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Central Counterparties Resolution—An Unresolved Problem

Recovery and resolution regimes are being developed for central counterparties (CCPs). We analyse current resolution tools in the context of policy, which is to restore the critical functions of a failed CCP. We conclude that the toolkit is insufficient to avoid the costs of resolution being borne b...

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Bibliographic Details
Main Author: Singh, Manmohan
Other Authors: Turing, Dermot
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2018
Series:IMF Working Papers
Subjects:
Economic & Financial Crises & Disasters
Depository Institutions
Institutional Investors
International Monetary Arrangements And Institutions
Corporation And Securities Law
Pension Funds
Banks
Finance
Bank Resolution Framework
Financial Crises
Banks And Banking
Bank Resolution
Central Counterparty Clearing House
Financial Instruments
General Financial Markets: Government Policy And Regulation
Clearinghouses; Banking
Micro Finance Institutions
Crisis Management
Financial Institutions And Services: Government Policy And Regulation
Mortgages
Crisis Resolution
International Financial Markets
Non-bank Financial Institutions
Financial Markets
Banking
Financial Risk Management
Finance: General
United States
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:Recovery and resolution regimes are being developed for central counterparties (CCPs). We analyse current resolution tools in the context of policy, which is to restore the critical functions of a failed CCP. We conclude that the toolkit is insufficient to avoid the costs of resolution being borne by taxpayers, and propose alternative policy suggestions for addressing the problem of a failed CCP.
Physical Description:23 pages
ISBN:9781484347300

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