BCBS Bank Exposures to Central Counterparties

The Global Financial Markets Association (GFMA), the British Bankers Association (BBA), the Institute of International Finance (IIF), and the International Swaps and Derivatives Association, Inc. (ISDA) provide comments to the Basel Committee on Banking Supervision (BCBS) on the BCBS’s Consultative Document: Capitalization of bank exposures to central counterparties (CCPs).  The groups share their beliefs relating to : 1) the importance of the incentive structure arising from the capital rules for exposures to CCPs; 2) the importance of an integrated analysis of the risks that are managed by clearing houses and their participants; and 3) the need to recognize the dynamic nature of market developments with respect to CCPs.

GFMA joins together some of the world’s largest financial trade associations to develop strategies for global policy issues in the financial markets, and promote coordinated advocacy efforts. GFMA currently has three members: the Association for Financial Markets in Europe (AFME), the Asia Securities Industry & Financial Markets Association (ASIFMA), and, in the United States, SIFMA.