OCC Response to the FSB’s Consultation on Financial Resources and Tools for Central Counterparty Resolution
November 20, 2023
By
Megan M. Cohen
,General Counsel
OCC appreciates the opportunity to provide comments on the FSB’s consultative report titled Financial Resources and Tools for Central Counterparty Resolution, issued September 19, 2023. As a systemically important CCP and the sole US CCP for listed equity options, OCC is keenly interested and deeply engaged in FSB’s ongoing dialogue with regulators, CCPs, and the industry on CCP resiliency, recovery, and resolution. As a member of CCP Global and the World Federation of Exchanges, OCC embraces the responses to the Report found in the letters submitted to the FSB by those organizations. In this letter, OCC provides additional responses based on OCC’s unique structure and position in the market.