The CFTC’s recent settlement liquidity stress test analysis of three well-known clearinghouses — CME Clearing, ICE Clear U.S., and LCH, Ltd. — finds that all three could “meet their settlement obligations on time,” despite simulated defaults by clearing members. The CFTC analysis, which follows its initial supervisory stress test of clearinghouses that was published in… Read More >>
Five Clearinghouses Pass CFTC’s Stress Test
Key clearinghouses for derivatives markets have “ample resources to withstand extremely stressful market scenarios,” according to CFTC Chairman Timothy Massad, who was commenting upon the results of the regulator’s supervisory stress test of CME Clearing; ICE Clear Credit, ICE Clear Europe and ICE Clear U.S., all part of the Intercontinental Exchange (ICE); and LCH Clearnet…. Read More >>
