Home / Risk / Banks seek to pry open CCP black boxes

Banks seek to pry open CCP black boxes

The market moves – and attendant margin calls – that followed the UK’s shock vote to leave the EU last June will live long in the memory for banks and buy-side firms in the derivatives markets. Clearing members claim a lack of transparency from clearing houses contributed to the funding stresses that followed, with banks left scrambling to meet cumulative intraday margin calls of up to $40 billion – which often had to be paid within an hour.  Since 2015, clearing houses have voluntarily publ

About Risk.net

Check Also

Border Tax Could Lead to Global Carnage

Whether or not a border tax proposed by Republican congressional leaders helps U.S. President Donald …

Leave a Reply

Your email address will not be published. Required fields are marked *