Central Counterparties: the agenda - remarks by Paul Tucker

In remarks delivered at the European Commission’s Conference on the Post Trading Landscape, Paul Tucker – Deputy Governor Financial Stability, member of the Monetary Policy Committee and member of the Financial Policy Committee – discusses four issues essential in contributing to the safety and soundness of central counterparties.
Published on 26 October 2011

Trading, clearing and settlement infrastructure has over time coalesced into vertically integrated groups. As a result, Paul Tucker emphasises the importance of CCP risk managers having clear and independent reporting lines to group boards in order to remove any incentive for exchanges to seek to influence their behaviour. Nor should CCPs look to outsource their risk management function.

PDFPress release


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