Central banks working on liquidity support for CCPs, says BoE’s Tucker

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Leading central banks, including the Bank of England, are working together to make sure they are able to prop up clearing houses in a crisis, says Paul Tucker, deputy governor of the Bank of England – part of a broader effort by the Financial Stability Board (FSB) to enable central counterparties (CCPs) to operate on a global basis.

"Central banks are exploring how they can ensure there are no technical obstacles to lending [to CCPs in a crisis]. That doesn't mean they have any duty or

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