Financial Stability

ICE's CDS clearing plan gets Fed's approval

The Fed has accepted a bid by ICE Trust - an amalgam of an exchange operator, a provider of clearing services and eight banks - to run a central counterparty and clearing house for the global credit-default-swap (CDS) market.

Ex-Buba's Pohl sees euro threat

Karl Otto Pohl, a former president of the Bundesbank, has said that he believes countries are considering quitting the eurozone and that German politicians are concerned that they will end up shelling out for any member's debt defaults.

BoE's Tucker: end bickering over CDS clearing

Paul Tucker, the soon-to-be deputy governor responsible for financial stability at the Bank of England, has called on officials to stop feuding over plans to create a central counterparty for credit default swaps (CDS).

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