Margin supplement bought precious time to formulate wind-down strategy
Review of 2021: Default, revolt, reform
Archegos, GameStop, the last days of Libor – markets just about coped in a bleak and disorderly year
CME pulls client default rule change after pushback
FCMs claim proposal gave clearing house too much power in customer defaults
Eurex plans hedging contest in default auction revamp
New step in the default management process would enhance transparency in hedge provider selection
Eurex switches default fund calculation
As whipsawing markets see contributions balloon, CCP will now base charges on stress loss method
Nasdaq whacked with $36 million fine over Aas default
Swedish regulator’s fine poses serious questions over default management and margining, while providing few answers
Hammer time? Clearers mull co-operation on default auctions
Spurred by Iosco, some CCPs are mooting joint auctions to help resolve large defaults – but critics deem them unworkable
OCC updates default auction rules to encourage buy-side bids
Clearer’s proposed changes follow client fears of being locked out
As business mix shifts, Eurex bulks up its default fund
Clearing house will raise charge to 9% from 7% as stress tests signal need for a fatter fund
One bad apple: default risk at CCPs
One clearing member’s disproportionately large position increases the credit risk for all CCP members