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Derivatives Clearinghouses: Opportunities and Challenges

Author: Benn Steil, Senior Fellow and Director of International Economics
May 25, 2011

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Benn Steil testifies before the Senate on the importance of regulatory reforms to make U.S. 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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