Central counterparty resolution: an unresolved problem

Manmohan Singh and Dermot Turing

Journal of Financial Market Infrastructures

Abstract: Recovery and resolution regimes are being developed for central counterparties (CCPs). We analyze current resolution tools in the context of policy designed to restore the critical functions of a failed CCP. We conclude that the tool kit 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.

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Persistent link: https://EconPapers.repec.org/RePEc:rsk:journ7:5406576

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