Central Banking

Fed's Kroszner on central counterparty clearing

In the speech 'Central counterparty clearing: History, innovation, and regulation' given on 3 April Randall Kroszner of the Federal Reserve said in recent years, public policymakers have demonstrated growing interest and concern about the effectiveness of CCP risk management.

"In particular, in November 2004 the Committee on Payment and Settlement Systems (CPSS) of the Group of Ten central banks and the International Organization of Securities Commissions (IOSCO) jointly issued comprehensive

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