from Renewing America

Derivatives Clearinghouses: Opportunities and Challenges

Testimony by Benn Steil

May 25, 2011

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Testimony
Testimony by CFR fellows and experts before Congress.

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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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