January 24, 2025 (NO COMMENTS)

Central counterparties (CCPs) may not be fully implementing existing resilience guidance on variation margin (VM), a report by the Committee on Payments and Market Infrastructures and the International Organization of Securities Commissions (CPMI-Iosco) suggests.

The resilience guidance published in 2017 outlines several goals including making VM calls more predictable, scheduling calls to accommodate participants’ needs and maintaining transparency with clearing members. Methods to achieve