Dealers Fret Over Who Pays CCP Default Tab
By Tom Osborn
Published December 5 2011 Financial News
The rise of mega clearing silos amid new regulation has raised issues about the mutualisation of risk, and the extent to which dealers will be liable following a major default. Last week, the Bank of England's UK Financial Stability report warned that the increasing use of central clearing counterparties is increasing financial stability risks in the event that a clearing house should fail.
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