Search: CCP Standards
RBA Glossary definition for CCP
CCP – Central counterparty
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The Transition to Central Clearing of OTC Derivatives in Australia
22 Oct 2015
Speech
Speech by Malcolm Edey, Assistant Governor (Financial System), at the International Swaps and Derivatives Association's (ISDA) 2015 Annual Australia Conference, Sydney
https://www.rba.gov.au/speeches/2015/sp-ag-2015-10-22.html
C1. Financial Stability Standards for Central Counterparties
18 Sep 2019
PDF
1135KB
Potential risks arising from the CCPs’ reliance on financial resources held at the group level to cover general business risks are discussed under CCP Standard 14.2. ... Part 5 of the PSNA provides certain legal protections to the enforcement of
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2018-2019/pdf/c1-financial-stability-standards-for-central-counterparties.pdf
Standard 6: Margin | Financial Stability Standards for Central Counterparties December 2012
9 Mar 2023
it clears in the event of a participant default (see also CCP Standard 5 on collateral). ... 6.3.5 A central counterparty should appropriately and where practicable address procyclicality in its margin arrangements (see CCP Standard 5.4).
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/standards/central-counterparties/2012/standard-6.html
Standard 18: Tiered Participation Arrangements | Financial Stability Standards for Central Counterparties December 2012
9 Mar 2023
the event of a default (see CCP Standard 1 on legal basis). ... This is most likely to occur where a large indirect participant accesses a central counterparty's facilities through a relatively small direct participant (see CCP Standard 18.3).
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/standards/central-counterparties/2012/standard-18.html
Standard 17: Access and Participation Requirements | Financial Stability Standards for Central Counterparties December 2012
9 Mar 2023
or types of activities that the participant can undertake (see CCP Standard 4 on credit risk). ... the participation requirements of the central counterparty (see CCP Standard 4 on credit risk and CCP Standard 12 on participant default rules and
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/standards/central-counterparties/2012/standard-17.html
Restructuring and Reform: China 2016 | Conference – 2016
18 Mar 2016
Conferences
First, the government is supposed to maintain a controlling stake in any firm in this category (CCP and State Council 2015). ... Ownership stakes in private firms are encouraged, and multiple forms are permitted (CCP and State Council 2015; GPPC and
https://www.rba.gov.au/publications/confs/2016/naughton.html
Oversight, Supervision and Regulation of Financial Market Infrastructures
20 Sep 2018
PSB Annual Report
– 2018
operational risk standard and from ‘observed’ to ‘broadly observed’ against the governance standard; both CCPs were downgraded from ‘observed’ to ‘broadly observed’ against the liquidity risk and credit risk standards; ASX
https://www.rba.gov.au/publications/annual-reports/psb/2018/oversight-supervision-and-regulation-of-financial-market-infrastructures.html
Payments System Board Update: February 2019 Meeting
25 Feb 2019
Media Releases
At its meeting on Friday 22 February 2019, the Payments System Board discussed a number of issues, including the annual assessment of CME Inc., the recent default at Nasdaq Nordic, a consultation on migration to ISO20022 message formats,
https://www.rba.gov.au/media-releases/2019/mr-19-03.html
Appendix C1. Financial Stability Standards for Central Counterparties | Assessment of ASX Clearing and Settlement Facilities
9 Mar 2023
In assessing whether a facility has met each of the CCP Standards, the Reserve Bank takes into account associated guidance. ... The following provides details of how ASX Clear and ASX Clear (Futures) observe each of the CCP Standards (including
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2018-2019/c1-financial-stability-standards-for-central-counterparties/index.html
China's Institutional Impediments to Productivity Growth | Conference – 2016
18 Mar 2016
Conferences
This approach has now become the international standard and has also been applied to the Chinese economy in Cao et al (2009). ... Some features of the CIP data should be noted. The classification of industries, in principle, adopts the 2002 version of
https://www.rba.gov.au/publications/confs/2016/wu.html