Clearing Houses Warn on Collateral Rules
By Michelle Price
Published June 09 2011 Financial News
Regulators could increase systemic risk if they are too prescriptive regarding the type of instruments clearing houses can accept as collateral under new rules being drawn up by US and European regulators, clearing houses have warned. The comments underline the growing debate regarding how clearing houses manage risk at a time when clearers are becoming increasingly critical to the financial system.
full article 
(free)
