June 16, 2025 (NO COMMENTS)

In Warner Brothers cartoons, Wile E Coyote is forever buying would-be lethal weapons – a giant anvil, a case of dynamite – from the fictional Acme Corp. But the ensuing efforts to ambush his arch enemy the Road Runner inevitably backfire, and he’s the one that gets clobbered by his own device.

Such self-sustained injury is something central counterparties (CCPs) are trying to guard against with a