On 10 March 2022, the FSB, the Committee on Payments and Market Infrastructures (CPMI) of the Bank for International Settlements, and the International Organization of Securities Commissions (IOSCO) published a report analysing existing financial resources and tools for central counterparty (CCP) recovery and resolution.
Interested parties were invited to provide views by 29 April 2022 as input in the further work on the sufficiency of the existing toolkit for CCP resolution, in particular on non-default loss scenarios, and the need for, and costs and benefits (including effectiveness and impact on incentives) of potential alternative financial resources and tools for CCP resolution. The public feedback received is available below.
Responses received
- CME Group
- Eurex Clearing
- European Association of CCP Clearing Houses (EACH)
- Global Association of Central Counterparties (CCP12)
- International Swaps and Derivatives Association (ISDA), Futures Industry Association (FIA) and Institute of International Finance (IIF)
- Securities and Exchange Commission, Thailand
- World Federation of Exchanges (WFE)
The FSB thanks those who took the time and effort to express their views. The FSB, in cooperation with the CPMI and IOSCO, will continue the work on CCP financial resources for resolution.