Benoit Gourisse

We found 1 article in which Benoit Gourisse said something. The most recent Benoit Gourisse’s quote is: “Some regulators and central banks have raised the issue of initial margin haircuts as a recovery and resolution tool, but from a legal perspective, if there is no provision in the draft regulation, then it is unlikely they can be used.”. In addition, all sources we refer have quoted Benoit Gourisse 4 times. On this page, you will find all of Benoit Gourisse’s quotes organized by date and topic.

Benoit Gourisse quotes

Automatically powered by

In an operational risk situation, it isn't the role of clearing participants to pay - it's up to the CCP and its shareholders to handle those losses. The text is not clear on that and we'd like to see some tools used only for default losses.

The rules mention the issue of shares as compensation, but that's only in the event that resolution deviates from the CCP rulebook. That makes it very difficult for clearing members and clients to get appropriate compensation.

Some regulators and central banks have raised the issue of initial margin haircuts as a recovery and resolution tool, but from a legal perspective, if there is no provision in the draft regulation, then it is unlikely they can be used.

The equilibrium of the regime is all about who pays, when and how. In this equilibrium, CCP shareholders may want to see a bigger contribution from clearing members, so the issue may pop up in negotiations.

No quotes...
More Benoit Gourisse quotes
|< <
{{currentQuotePage}}/{{numberPage}}
> >|
<
>