However, they may be seen as providing a theoretical basis for “inflation targeting”, a framework for monetary policy decision-making, which in various forms has been adopted and pursued quite successfully by a number of central banks. There are different views on how inflation targeting should be defined.
But CCPs need to provide still greater transparency to their clearing members and to the public. The G-20’s central clearing mandate shifted a significant amount of activity and control away from dealers to CCPs. With this shift, CCPs took on the responsibility of managing risks in a way that is transparent to the clearing members who are subject to the decisions of the CCP.