United States:
ISDA And FIA Urge Global Coordination On CCP Stress Testing
11 January 2022
Cadwalader, Wickersham & Taft LLP
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In response to a Bank of England consultation on stress testing of central
counterparty clearinghouses ("CCPs"), ISDA and FIA urged
global regulatory coordination.
The associations raised a number of issues and considerations,
including (i) the need for regulators to coordinate on stress
testing; (ii) the inclusion of operational scenarios in stress
tests; (iii) use of, in addition to "plausible"
scenarios, scenarios looking at recovery and resolution situations;
(iv) analysis of "contagion" risk; and (v) additional
disclosure obligations on CCPs and their members.
Primary Sources
- Response to the Bank of England consultation:
Supervisory Stress Testing of Central
Counterparties
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