Payment Risk Committee releases recommendations on clearing member due diligence of CCPs

In 2012 the Payments Risk Committee (PRC), in partnership with a group of leading international central counterparties (CCPs), began to discuss ways to improve the transparency of risk management practices of central counterparties (CCPs) as part of their periodic reporting to clearing members. This reporting is essential to help banks, as clearing members, conduct necessary due diligence and manage the risks they face as participants in such financial market infrastructures.

On behalf of the PRC, we are pleased to provide the results of this initiative—Recommendations for Supporting Clearing Member Due Diligence of Central Counterparties. The release of this work to the public demonstrates the importance to the PRC and participating CCPs of ensuring adequate information flows to banks that are direct members of these financial market infrastructures.

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