FSB Introduces New Global Standard to Support the Orderly Resolution of a Central Counterparty
April 26, 2024
April 26, 2024
BASEL, Switzerland, April 26 (TNSres) -- The Financial Stability Board issued the following news release on April 25, 2024:
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* New standard aims to ensure that resolution authorities have ready access to a set of resolution-specific financial resources and tools, as well as any unused recovery resources, to support the orderly resolution of a central counterparty (CCP).
* Standard requires that adequate liquidity, loss-absorbing, and recapitalisation r . . .
* * *
* New standard aims to ensure that resolution authorities have ready access to a set of resolution-specific financial resources and tools, as well as any unused recovery resources, to support the orderly resolution of a central counterparty (CCP).
* Standard requires that adequate liquidity, loss-absorbing, and recapitalisation r . . .