US, UK Regulators Hold CCP Resolution Tabletop Exercise — SkimNews
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- U.S. and UK regulators including the SEC, FDIC, CFTC, Federal Reserve Board, and Bank of England convened a tabletop exercise on Sept. 3, 2026, focused on central counterparty (CCP) resolution coordination
- The joint readout describes the session as a principals-level meeting between U.S. and UK authorities, signaling cross-border coordination on how to resolve a failing CCP
Why it matters: Central counterparties sit at the heart of derivatives clearing in both the U.S. and UK, and a cross-border resolution drill between five major regulators is a concrete step toward ensuring a failing clearinghouse can be unwound without cascading through global derivatives markets. The fact that all five agencies sat at the table together suggests resolution authority coordination — not just domestic preparedness — is the priority.
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