Clearing houses, also known as central counterparties (CCPs), play an increasingly significant role in financial markets, not least as a consequence of G-20 derivatives market reforms since 2009. Globally active CCPs, with their substantial exposures to market participants in third countries, raise specific supervisory challenges in response to which the European Union has recently revised its legislative framework.
Joining this episode of Financial Statements were:
Senior Fellow, Peterson Institute for International Economics (PIIE)
- Klaus Löber
Chair of the CCP Supervisory Committee, European Securities and Markets Authority
- Tracey Wingate
Chief of Staff, Investment Company Institute
About This Series
Financial Statements is a biweekly virtual event series hosted by Nicolas Véron that explores changes in the world of finance, encompassing themes of financial services regulation, corporate finance and governance, systemic fragility and crises, and structural changes driving business and policy trends in the financial sector.