EU agrees on higher skin in the game for CCPs

From ISDA Daily Lead:

EU legislators have reached an agreement on the rules and procedures for resolving a central counterparty in crisis that includes increasing the amount of skin in the game CCPs have to put forward in case of a member default. The proposed rules would require CCPs to hold a second layer of skin in the game equal to 10% to 25% of their regulatory capital requirements.

The full article is available at https://www.risk.net/regulation/7663321/eu-hands-ccp-members-a-narrow-win-on-skin-in-the-game

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