X

CFTC MRAC to Discuss CCP Default and Insolvency Scenarios at Upcoming Meeting

The CFTC Market Risk Advisory Committee released the agenda for its June 27, 2016 public meeting on Central Counterparty ("CCP") regulation. The meeting will focus on what happens when a CCP defaults or becomes insolvent.

Items to be discussed include: what CCPs can do during a crisis to (i) improve communication among themselves, (ii) coordinate the scheduling of traders, (iii) develop default drills, (iv) coordinate auction processes, and (v) mitigate the effects of any legal, operational or logistical barriers to the CCPs' coordination of efforts.

Primary Sources

  1. CFTC MRAC Agenda
  2. CFTC Press Release

Related Articles

  • CFTC MRAC to Examine CCP Regulation (Fed. Reg.)

    The CFTC Market Risk Advisory Committee will hold a meeting to (i) examine how CCPs can improve the coordination of their efforts when preparing for the default of a significant clearing member, and (ii) discuss the role of the FDIC and the CFTC in the resolution of banks and CCPs. The notice announcing the public meeting was published in the Federal Register.

Tags

Regulated Activities
Central Clearing Meetings
Regulated Entities
Markets
Sub-Entity
Clearing Organizations
Body of Law
CEA Regulation
Jurisdiction
US - Federal
Organization
CFTC, NFA, CFTC Markets
Sub-Author
CFTC