LA BOE AVVISA : ATTENTI AL RISCHIO CLEARING HOUSE!
Securities clearing houses have a role to play in raising awareness about financial system weaknesses and should have clear plans for winding themselves up if in trouble, Bank of England Deputy Governor Paul Tucker said on Wednesday.
Tucker said that as part of wider efforts to keep the financial system stable, clearers could monitor the robustness of their members and the business they clear.
"I am not convinced that that is sufficiently recognised by clearing houses or by standard setters," Tucker told the Centre for the Study of Financial Innovation, a thinktank.
Clearers require "margins" or collateral on trades each day to cover the risk of default from unexpected price moves.
SE A QUESTO SI AGGIUNGE QUANTO DETTO DA DRAGHI SUI RISCHI NEL MERCATO DEI DERIVATI...SI PUO' AFFERMARE CHE SIAMO SEDUTI SOPRA UN MARE DI M...A
Tucker said that as part of wider efforts to keep the financial system stable, clearers could monitor the robustness of their members and the business they clear.
"I am not convinced that that is sufficiently recognised by clearing houses or by standard setters," Tucker told the Centre for the Study of Financial Innovation, a thinktank.
Clearers require "margins" or collateral on trades each day to cover the risk of default from unexpected price moves.
SE A QUESTO SI AGGIUNGE QUANTO DETTO DA DRAGHI SUI RISCHI NEL MERCATO DEI DERIVATI...SI PUO' AFFERMARE CHE SIAMO SEDUTI SOPRA UN MARE DI M...A
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