In case of difficulty
An Effective Recovery and Resolution Regime for CCPs
Créé le
05.02.2015-
Mis à jour le
12.02.2015Le bon comportement de la CCP à laquelle Lehman Brothers était principalement exposé a montré que les chambres de compensation sont robustes. Leur solidité a encore été renforcée par EMIR, mais cela n'empêche pas les régulateurs de prévoir des procédures de redressement et de résolution.
OTC derivatives played a role in the financial crisis that erupted in 2008. The European Commission criticised the opacity of the market and the lack of adequate risk management[1] .
As a result of the crisis, on 25 September 2009, the G20 Leaders agreed on a set of measures to improve the functioning of the OTC derivatives markets by increasing their transparency and risk management and protection against market abuse.
The measures agreed were:
Trading of all standardised OTC derivatives contracts on exchanges or electronic trading platforms; Clearing of all standardised OTC derivatives contracts ...