The Council of the European Union approved on November 27, 2019, its proposal for the regulation of recovery and resolution of central counterparties. In words of the Finnish Minister of Finance, the Council’s position is to set out EU-wide rules to address interconnectedness and contagion risks while encouraging less risky behaviour by market participants. One […]
Monthly Archives: February 2020
The BIS published in December a research paper on costs and benefits of switching to central clearing, depicting the imbalances on the rate of voluntary clearing among those derivatives not subject to mandatory clearing. In particular, the authors focus on the volumes of non-deliverable forwards (NDFs) versus credit default swaps (CDS). According to the analysis, […]