皇冠体育app

皇冠体育app government consulted on new powers for the resolution of central counterparties (CCPs) to help protect financial stability. 皇冠体育appse include enabling the Bank of England (as the UK鈥檚 resolution authority) to take full control of a failing CCP when necessary and to use a number of tools without reliance on a CCP鈥檚 rulebook. This would allow the Bank of England to take faster and more extensive action to stabilise a failing CCP than it can now. 皇冠体育appse powers would also limit risks to public funds by ensuring CCPs and clearing members ultimately bear the losses arising from a CCP failure, rather than taxpayers, whilst still stabilising the CCP, preventing contagion and providing reassurance to the market.