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DTCC, CSFI host post-trade regulation debate

02 June 2011

The Depository Trust & Clearing Corporation and the Centre for the Study of Financial Innovation have hosted an industry debate

Read more: DTCC CSFI CCPs

The Depository Trust & Clearing Corporation (DTCC) and the Centre for the Study of Financial Innovation (CSFI) have hosted an industry debate on the regulation of the European post-trade infrastructure.

Paul Tucker, deputy governor, financial stability, Bank of England, who delivered the keynote address, entitled: ‘Clearing Houses as System Risk Managers’, called for public policy to apply minimum standards to ensure that central counterparties (CCPs) do not fail, focusing on the fundamental role that CCPs play in protecting global markets from systemic risk. Tucker also set out...