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.
International Monetary Fund; March 2018
- ISBN: 9781484348444
- Read online, or download in secure PDF format
- Title: Central Counterparties Resolution—An Unresolved Problem
- Author: Manmohan Singh; Dermot Turing
Imprint: INTERNATIONAL MONETARY FUND