On August 23, 2023, the Bank for International Settlements’ Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) published a report on current central counterparty (CCP) practices. The report highlights the need for CCPs to have adequate resources and appropriate tools to address non-default losses (NDL).
CPMI-IOSCO report looks at how central counterparties tackle non-default losses
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The report highlights the need for CCPs to have adequate resources in place to address potential losses arising from non-default events.