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MIR 4.7.17

Past version: effective from 21/10/2015 - 20/10/2015
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A Recognised Clearing House must:

(a) undertake the analysis referred to in Rule 4.7.16(b) at least on a two-monthly basis, unless more frequent analysis is warranted because the investments cleared or markets served display high volatility, become less liquid, or when the size or concentration of positions held by its participants increase significantly;
(b) consider carrying out daily stress testing to measure and monitor its risk exposures, especially if its operations are complex or widely spread over multiple jurisdictions; and
(c) perform a full validation of its risk-management models at least annually.