21 - April 2017 - The impact of financial reforms  Central clearing: reaping the benefits, controlling the risks Benoit Cœuré  the inherent procyclicality of CCPs’ margin and collateral policies makes it less likely that banks may be exposed to sudden and steep increases in collateral requirements and related liquidity strains in tightened market conditions.
*  *  *  Mr. Chairman, Distinguished speakers, Members of the Board of The Central Bank of Barbados, Deputy Governors, Members of Management and Staff of the Bank, Managers of Financial Institutions, Specially Invited Guests, Distinguished Ladies and Gentlemen: Welcome to the Central Bank and to the latest in the series of the Bank’s Capital Markets Seminars.