Resumen de Regulators edge closer to CCP resolution plan
The article reports that the European Commission is preparing new rules for the insolvency of clearing houses, or central clearing counterparties (CCPs), due in September 2016. Topics mentioned include the failure of the Hong Kong Futures Exchange during the global stock market crash of 1987, ineffectiveness of normal insolvency proceedings according to the Commission, and operation of some CCPs under a credit institution licence.
