CCP Recovery and Resolution: Insights Beyond the End of the Waterfall

Recording of the online seminar held on 1 October 2020.
Ron Berndsen, Tilburg University and LCH
Marc Peters, European Commission DG FISMA
(moderator) Thorsten Koeppl, Queen's University
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The G20 central clearing obligation for OTC derivative markets has been implemented in the aftermath of the financial crisis to address risk contagion across the financial system. This assumes that central clearing counterparties (CCPs) have the capacity to manage this risk concentration in stressed circumstances. But what if these critical nodes were reaching their own limits?
The purpose of this online seminar is to provide state-of-the-art insights on the mechanics, tools and policy questions that relate to the recovery and resolution of CCPs. The discussion will focus on the role and importance of CCPs for financial markets by illustrating the type and magnitude of events that could lead to a resolution situation. It will also highlight the continuum between supervision and resolution but also the tension between the respective standards for CCPs and banks.
Finally resolution triggers will be presented and the notion of public interest discussed. For each element, a balanced mix of regulatory and industry perspectives will be presented, thereby offering a view on the current debates in this field.
More information: fbf.eui.eu/eve...
The views and opinions expressed in this video are those of the speakers or authors in their personal capacity and do not necessarily reflect the official position of the Robert Schuman Centre or the European University Institute. *

[@christianreith7587]

Thanks for the session. Very helpful content for beginners and intermediaries.

[@mohamedbengana3344]

Thank you for sharing such beneficial and valuable knowledge and insights