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对包括信用违约互换在内的场外衍生交易进行集中清算的衍生交易清算机构高度集中了场外衍生交易的交易对手风险、衍生交易和合约清算的操作风险,若丧失清偿能力可能引发或加剧金融体系的系统性风险。各国金融监管机构应当加强对衍生交易清算机构的风险监管,对清算机构成员资格、清算机构的风险管理与违约管理等制定相关规则。
Derivative transaction and settlement agencies that centralize over-the-counter derivative transactions including credit default swaps are highly concentrated on the operational risk of counterparty risk, derivative transaction and contractual settlement of over-the-counter derivatives transactions, which may lead to or aggravate the loss of liquidity Systemic risk of the financial system The financial regulatory authorities in all countries shall strengthen the risk supervision over the derivative transaction settlement agencies and formulate relevant rules on the membership of the clearing agencies, the risk management and default management of the clearing agencies.