Moody's proposes CCP ratings

摘要

Moody's has proposed a new global methodology that will allow clearing members and end-users to assess and compare the soundness of central counterparty clearing house risk management practices. The ability to compare risk management practices across CCPs is becoming crucial for market participants following new regulations that force standardised over-the-counter derivatives to clear through central counterparties. As debate continues over whether standardised stress tests would be beneficial for assessing CCP risk, the new ratings could provide an important means of comparison.