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Understanding the role of CCPs in systemic safety – a WFE workplan

Release date: 06 Jan 2020 | Eurex Exchange, Eurex Clearing, Eurex Group

Understanding the role of CCPs in systemic safety – a WFE workplan

The World Federation of Exchanges (WFE) has announced a 12-month workplan to gain a better understanding about the role and nature of CCPs.

Therefore, the WFE will engage with all stakeholders while continuing to promote the principles that first made the CCP model the trusted approach to counterparty credit issues. The WFE program will take a comprehensive, first-principles look at all relevant questions, including the rationale for CCPs in the financial system and society. It will factor in research that has been produced in this area while avoiding a selective or one-sided approach.

The WFE’s objective is to maximize clarity among market participants who benefit from clearing and to help ensure they are prepared to honor all their commitments. The WFE will discuss some of the empirical findings and work to date at IOMA: WFE’s Clearing & Derivatives Conference in March 2020, where the federation will bring together stakeholders on these issues.