Publication
25 May 2011
In this testimony, the author addresses the importance of regulatory reforms to make US markets more resilient to the failures of individual financial institutions. He argues that well capitalized and regulated central derivatives clearinghouses have historically provided the best example of successful "safe-fail" risk management in the derivatives industry.
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English (PDF, 5 pages, 261 KB) |
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Author | Benn Steil |
Series | CFR Testimony |
Publisher | Council on Foreign Relations (CFR) |
Copyright | © 2011 Council on Foreign Relations (CFR) |