The U.S. Securities and Exchange Commission, Federal Deposit Insurance Corporation, Commodity Futures Trading Commission, Federal Reserve Board and Bank of England conducted a tabletop exercise on Sept. 3 covering the hypothetical resolution of central counterparties. Senior officials reviewed joint arrangements for information sharing and communications intended to support financial stability during a resolution. The exercise formed part of a series of senior-level meetings held since 2017. Participants emphasized continued dialogue, analysis sharing and policy discussions between U.S. and UK authorities on central counterparty resolution.
U.S. Securities and Exchange Commission and partner authorities review cross-border central counterparty resolution arrangements
U.S. and UK financial authorities conducted a tabletop exercise on the hypothetical resolution of central counterparties. They reviewed information-sharing and communications arrangements designed to support financial stability during a resolution.