Measuring Systemwide Resilience of Central Counterparties

Stathis Tompaidis

No 17-03, Briefs from Office of Financial Research, US Department of the Treasury

Abstract: This brief proposes a novel way to conduct a U.S. systemwide stress test of central counterparties, or CCPs. The approach takes into account the impacts of losses and defaults at CCPs' member banks. It would require little extra effort by companies because regulators can use the results of existing stress tests of CCPs.

Keywords: central clearing; risk management; central counterparties; Commodity Futures Trading Commission; European Securities and Markets authority (search for similar items in EconPapers)
Pages: 8 pages
Date: 2017-02-22
New Economics Papers: this item is included in nep-rmg
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Citations: View citations in EconPapers (1)

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https://www.financialresearch.gov/briefs/files/OFR ... P-Stress-Testing.pdf (application/pdf)

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Journal Article: Measuring system-wide resilience of central counterparties
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Persistent link: https://EconPapers.repec.org/RePEc:ofr:briefs:17-03

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