BoE's Cunliffe Cautions Against 2008 Repeat With FTX's Derivatives Rule Change Proposal

BoE's Cunliffe Cautions Against 2008 Repeat With FTX's Derivatives Rule Change Proposal


“Margin is there to protect against counterparty credit risk,” said Cunliffe, who has led international work on stablecoin standards. “If the transaction happens in a nanosecond, then you have a nanosecond’s worth of counterparty credit risk.”

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