About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

ECB Hosts Meeting on CCPs for CDS Market, Indicates Support for Greater Transparency

Subscribe to our newsletter

Originally appeared in MiFID Monitor

Following the meetings last month hosted by the Federal Reserve Bank of New York and the European Commission, the European Central Bank (ECB) has joined the debate concerning the introduction of central counterparties (CCPs) for credit default swaps (CDSs). The ECB hosted its first meeting this week and participants included potential providers of such CCPs, their regulators and representatives from the sell side and the buy side.

The ECB indicated its support for the introduction of CCPs in this market, in line with the views of the Financial Stability Forum and of the European Commission. It underlined the importance of reducing counterparty risk and of enhancing transparency in OTC derivatives markets, especially in those parts of the market that are of systemic importance, for example, the CDS sector.

It publicly supported the introduction of CCPs for OTC derivatives as an appropriate solution to tackle counterparty risk and market transparency. The ECB indicated that CCPs, by virtue of concentrating outstanding positions in one place, reduce the counterparty risk to which market participants are exposed. Moreover, it said that they also increase market integrity, transparency and the availability of information, as well as standardising the criteria for evaluation of exposures and freeing up collateral.

Participants at the meeting also underlined the merits of multiple solutions in general and of at least one European solution.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Hearing from the Experts: AI Governance Best Practices

The rapid spread of artificial intelligence in the financial industry presents data teams with novel challenges. AI’s ability to harvest and utilize vast amounts of data has raised concerns about the privacy and security of sensitive proprietary data and the ethical and legal use of external information. Robust data governance frameworks provide the guardrails needed...

BLOG

A-Team Insight Announces RegTech Award Winners as APAC Navigates Compliance Complexity

A-Team Group is proud to reveal the winners of our inaugural Capital Markets Technology APAC Awards 2025, recognising the firms and solutions demonstrating exceptional innovation across the Asia Pacific region. Alongside this announcement, we have launched our in-depth annual report, “The State of Capital Markets Technology in Asia Pacific 2025”, which examines the key trends...

EVENT

AI in Capital Markets Summit New York

The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.

GUIDE

Dealing with Reality – How to Ensure Data Quality in the Changing Entity Identifier Landscape

“The Global LEI will be a marathon, not a sprint” is a phrase heard more than once during our series of Hot Topic webinars that’s charted the emergence of a standard identifier for entity data. Doubtless, it will be heard again. But if we’re not exactly sprinting, we are moving pretty swiftly. Every time I...