CCPs have grown in scale and scope to the extent that a disruption affecting a major CCP would have a significant impact on banks, markets and the instruments we rely on to perform our core central banking activities.1 For example, many of our key monetary policy counterparties in the euro area are participants in CCPs around the world, and are thus directly exposed to potential strains in centrally cleared markets.
Before an audience of many other European resolution authorities, she sketched the toolkit, the public interest test and the governance De Nederlandsche Bank has set up. 1  New task: resolution for insurers The timing of this seminar could not have been better. That is because the Dutch Parliament is just about to pass the new Act on Insurance Recovery and Resolution.