A view on CCPs from the Australian Reserve Bank
Malcolm Edey, Assistant Governor (Financial System), Reserve Bank of Oz. Main points – Clearing reduces systemic risk (of course this isn’t nearly as simple as it sounds) – Clearing is complex
October 21, 2011 - Editor
Category: Clearing
Malcolm Edey, Assistant Governor (Financial System), Reserve Bank of Oz.
Main points
– Clearing reduces systemic risk (of course this isn’t nearly as simple as it sounds)
– Clearing is complex (totally agree)
– Clearing might be important to Australia, but our AUD IRS market is small
What countries like Oz are finding, is that creating a CCP for OTC products is fiercely complicated and expensive, and for each regional CCP, reduces netting benefits and increases systemic complexity.
Popular
Most Viewed
Articles
Sep. 15, 2022
Tradefeedr Hires Alexis Fauth as Head of Data Science and Client Analytics
Sep. 06, 2022
Siege FX announces the launch of NetFix
Aug. 02, 2022
OSTTRA and LCH collaborate to reconcile bilateral OTC trade data
Jul. 26, 2022
Sell-side systems in need of upgrade for new risk reality
Jul. 15, 2022
