SEC Adopts Standards In Central Counterparty Clearinghouse Operations

By  |  October 23, 2012
 | 

The Securities and Exchange Commission (SEC) has adopted risk management and operations standards for Central Counterparty Clearinghouses (CCPs), reports Finextra.

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    “These new rules are designed to ensure that clearing agencies will be able to fulfill their responsibilities in the multi-trillion dollar derivatives market as well as more traditional securities markets,” said SEC Chairman Mary L. Schapiro. 

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