Bank Indonesia to launch central clearing house
Central bank says aim of CCP is to deepen country’s financial markets and mitigate systemic risks
Bank Indonesia is to launch a central counterparty clearing house (CCP) next week for exchange and money market transactions.
Donny Hutabarat, head of the bank’s financial market development department, said on September 24 that the aim was to mitigate systemic risks in the country’s financial markets.
He said the initiative reflected Indonesia’s commitment to abide by a resolution from the Group of 20 countries to control risks from derivatives trades following the 2008 global financial crisis.
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