Central Bankers Want Clearing Wind-down Plans
By Phillip Blenkinsop
Published October 24 2011 Reuters
The world's clearing houses need effective regimes to wind them down when they go bust to avoid mayhem on financial markets, two European central bankers said on Monday. Clearing houses, such as LCH.Clearnet, Eurex Clearing and ICE have become a focus for regulators since the financial crisis in a bid to curb risks and improve transparency in markets.
full article 
(free)
