NY Fed’s Dudley looks to boost CCP resilience

The BIS. Photo by Dan Hinge
Dan Hinge

Federal Reserve Bank of New York president William Dudley argued there is still work to be done around the recovery and resilience of central counterparties (CCPs) in a speech at the Bank for International Settlements on June 30.

Addressing the Committee on Payments and Market Infrastructure's 25th Anniversary Conference in Basel, Switzerland, Dudley praised the "considerable progress" in expanding the global regulatory regime to reflect the "growing importance" of financial market

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