Is OTC clearing making the system less secure?

Is OTC clearing making the system less secure?

Mandatory OTC clearing wherever possible has been the centre piece of global regulatory reform following the financial crisis.

From Hong Kong to Chicago, London to Sydney, new rules are forcing OTC trades into CCPs on an unprecedented scale.

Advocates of the move point to the stability of CCPs during the financial crisis and the fact that there have only been three CCP failures in history.

However, concerns are growing of the interconnectedness of CCPs and the creation of yet more too-big-to-fail systemically important institutions.

At FOW’s Derivatives World London: The Debates event on December 9 at the Grange City Hotel, clearing expert John Wilson will debate with Eurex Clearing’s Phil Simons on whether mandatory OTC clearing has made the financial system less secure.

Join us by registering now at

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