Financial Services Financial Services

Clearinghouses weren’t prepared for Russia war-induced market volatility, standard-setters find

Clearinghouses might have to recalibrate worst-case scenario events that could feasibly happen to prevent unexpected market volatility prompting sudden collateral calls, international standard-setters said today.
Three standard-setters found that volatility in commodities markets, prompted by Russia’s invasion of Ukraine, was sufficiently unexpected that the fallout exceeded the maximum shocks foreseen

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Fiona Maxwell

Senior Correspondent

Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

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