Why is the NSFR so negative on CCPs, after everything else regulators have done to drive business in that direction? (Premium)
Basel III’s Net Stable Funding Ratio (NSFR) presents an odd dilemma in its negative treatment of CCP exposures. After regulators have piled support onto CCPs at all instances, why would this situation exist? Its almost as if the Basel Committee went out to lunch and another team entirely wrote the NSFR’s CCP rules.