Central Banking

Bernanke pledges tough oversight of CCPs


Financial market infrastructures in the US will be subject to rigorous new standards that will address several prudential issues associated with clearing and settlement, Ben Bernanke, the chairman of the Federal Reserve, said on Monday.

At the 2011 Financial Markets Conference in Stone Mountain, Georgia, Bernanke said that while clearing houses around the world generally performed well in the recent financial crisis, recent reform aimed at encouraging the greater development and use of clearing

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