Tag: stability

OCC Issues Paper on Central Clearinghouse Resiliency and Stability – Press Release

CHICAGO–(Business Wire)–In the midst of record cleared contract volume, OCC, the world’s largest equity derivatives clearing organization, today released a paper titled, Optimizing Incentives, Resilience and Stability in Central Counterparty Clearing, on central counterparty (CCP) clearing resiliency, recovery and resolution. The paper details OCC’s approach as a market utility, to risk and capital management, ensuring industry feedback is received and considered, enhancing operational resiliency, and providing greater transparency to market participants.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200922005630/en/

(Graphic: OCC)

The paper can be found here and on OCC’s website at www.theocc.com.

KEY TAKEAWAYS:

  • CCPs like OCC – which stand between buying and selling parties in trades and manage the risk to the market should one side of a transaction default – have worked extremely well over the course of their existence by underpinning stable markets to the benefit of the investing public during times
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Black North Carolina small business owners find financial stability amid COVID

CBS News is chronicling what has changed for the lives of Americans in 2020 amid the coronavirus pandemic.



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© Provided by Shalisha Morgan
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It had been four months since Geek in Heels owner Shalisha Morgan’s electronic repair kiosk in the Hanes mall in Winston-Salem had been open when she returned in August. Though the mall reopened in June after COVID-19 closed it earlier in the year, Morgan, 39, didn’t feel it was safe to go back at the time.



a person standing in front of a window: Geek in Heels owner Shalisha Morgan reopened her electronic repair kiosk in the Hanes mall in Winston-Salem in August after having to shut down earlier this year due to the coronavirus pandemic. / Credit: Provided by Shalisha Morgan


© Provided by CBS News
Geek in Heels owner Shalisha Morgan reopened her electronic repair kiosk in the Hanes mall in Winston-Salem in August after having to shut down earlier this year due to the coronavirus pandemic. / Credit: Provided by Shalisha Morgan

Many stores in the mall—including a competitor — permanently shut their doors during the pandemic, Morgan said. Though mall traffic has been slower because patrons are

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