Joint Senior-Level Meeting to Discuss CCP Resolution Issues
Today senior officials from the Securities and Exchange Commission, Federal Deposit Insurance Corporation, Commodity Futures Trading Commission, Federal Reserve Board, and Bank of England held a hybrid meeting to discuss resolution of a central counterparty (CCP). This meeting was part of a series since 2017 that focuses on CCP resolution and reviews progress related program of work among the agencies. During today's meeting, the officials reviewed the information sharing and communications arrangements to support resolution planning for U.S. and UK CCPs. They also agreed on some priorities for future work, which will include continuing to share analyses as well as policy formulation in relation to CCP resolution. The goal of these meetings is to ensure the safety of the financial system by ensuring effective resolution of CCPs when it becomes necessary.