Clearing Sector Draws EU Scrutiny
By Matthew Dalton
Published: May 5 2011 WSJ
Requiring financial institutions to use clearinghouses to settle transactions is the centerpiece of European efforts to make the region's securities markets less vulnerable to meltdowns. But a debate has emerged over whether the clearing market is hobbled by a major flaw: European clearinghouses usually face limited competition from other companies, giving them what critics say is monopoly power.
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