IMF: Central Counterparties Resolution—An Unresolved Problem

20 March 2018

Recovery and resolution regimes are being developed for central counterparties (CCPs). Economists at the IMF analyse current resolution tools in the context of policy, which is to restore the critical functions of a failed CCP.

Authors conclude that the toolkit is insufficient to avoid the costs of resolution being borne by taxpayers, and propose alternative policy suggestions for addressing the problem of a failed CCP.

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