Standardized Stress Tests ‘Desirable' for CCPs, Fight Continues Over Granularity
CCPs discuss the merits, and concerns, around standardized stress testing.
Apparently, when it comes to stress testing, it's quite easy to both completely agree and disagree, all at the same time.
Last week, the Committee on Payments and Market Infrastructures (CMPI) and the International Organization of Securities Commissions (IOSCO) announced that they are reviewing stress-testing guidelines for central counterparties (CCP).
As a result, the saber-rattling began as CCPs and market participants try to mold just how prescriptive these new standards should be. On
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