In response to a Financial Stability Board Consultation Paper on the adequacy of central counterparty ("CCP") financial resources for recovery and resolution, three financial industry trade associations argued that a "better balance between loss allocation to clearing participants and loss allocation to CCPs would promote better outcomes..."
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The Committee on Payments and Market Infrastructures and IOSCO published revised guidance for regulators on designing and operating supervisory stress tests for central counterparties.
In two executive memoranda, President Trump directed the Treasury Department to review the processes in place for the Financial Stability Oversight Council and the framework for the Orderly Liquidation Authority.
The Chicago Fed published a staff policy paper highlighting the major business model and risk profile differences between central counterparties and banks.
The Office of Financial Research proposed a framework for central counterparty stress testing "using information already available to supervisors."