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A “Principled” Approach to International Guidance for Central Counterparties

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  • Rebecca Lewis

Abstract

Following the 2007?08 financial crisis, the G20 agreed to implement a clearing mandate, requiring all standardized over-the-counter derivatives to be cleared through a central counterparty (CCP). The central role of CCPs in post-crisis financial markets has increased the interest of both national authorities and international standard setters in CCP regulation.

Suggested Citation

  • Rebecca Lewis, 2018. "A “Principled” Approach to International Guidance for Central Counterparties," Chicago Fed Letter, Federal Reserve Bank of Chicago.
    • Handle: RePEc:fip:fedhle:00089
    DOI: 10.21033/cfl-2018-400
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    References listed on IDEAS

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    1. Black, Julia, 2008. "Forms and paradoxes of principles-based regulation," LSE Research Online Documents on Economics 23103, London School of Economics and Political Science, LSE Library.
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