Effective from 24 May, the CFFEX will set aside 20 percent of its service fee income as risk reserves, to be maintained in a special account and managed under separate accounting.
May 29, 2019A report from the World Federation of Exchanges and Oliver Wyman urges supervisors to ensure outstanding CCP reforms are implemented in line with agreed principles to avoid fragmentation.
April 8, 2019The industry body has updated its 2015 framework for CCP risk management to include more robust and transparent margining and higher skin in the game.
November 29, 2018China's brokerages are looking to boost capital to guard against further falls in the markets that could threaten the value of loans backed by stock pledges.
November 9, 2018The central bank’s February circular allowed banks 180 days to resolve defaulted loans over 20bn rupees; many of these accounts will now be referred to bankruptcy courts.
August 29, 2018Proposals include introduction of auction protocol for liquidating defaulted derivatives clearing members’ positions, with a mechanism to distribute the resulting losses.
July 23, 2018Central bank deputy governor says banks see non-payment as “on par” despite loan resolution framework; poor credit culture must change.
April 24, 2018