Big banks reproach CCP risk panels as resentment surfaces
Emotions simmer as major banks insist committees listen harder to clearing members, in wake of green light for bitcoin futures
Two big banks have insisted that risk committees at clearing houses take greater account of their voices when green-lighting newer, riskier products for clearing.
At banks, there has been quiet consternation over the clearing of products such as bitcoin futures, given that if any of these blew up, clearing members would be on the hook for the losses.
Marnie Rosenberg, managing director and head of clearing house risk and strategy at JP Morgan, said products such as bitcoin futures, swaptions
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