The European Association of CCP Clearing Houses (EACH) publishes today the paper ‘An effective Recovery and Resolution regime for CCPs: additional subjects to be considered’. See PDF below.This paper sets forth the EACH views on the following subjects which have been discussed recently within the industry and the regulatory community in the context of Recovery and Resolution of CCPs:
- CCP’s total loss-absorbing capacity
- Additional pre-funded resources
- Initial margin haircutting
- Early intervention
- Resolution authority
About EACH
The European Association of CCP Clearing Houses (EACH) represents the interests of CCPs in Europe since 1992. EACH is registered in the European Union Transparency Register with number 36897011311-96. EACH currently the following 20 members from 16 different European countries:
- ATHEXClear S.A.
- BME Clearing, S.A.
- CC&G (Cassa di Compensazione e Garanzia S.p.A.)
- CCP Austria
- CME Clearing Europe
- Eurex Clearing AG
- EuroCCP N.V.
- European Commodity Clearing AG
- ICE Clear Europe
- Irgit S.A. (Warsaw Commodity Clearing House)
- KDPW_CCP S.A.
- KELER CCP Ltd
- LCH.Clearnet Ltd
- LCH.Clearnet SA
- LME Clear
- Nasdaq Clearing
- National Clearing Centre (NCC)
- OMIClear
- SIX x-clear AG
- Takasbank
