Concerns raised over CCPs
"We are probably sowing the seeds of a future crisis by putting all the risk of over-the-counter derivatives in one place. Inevitably there will be one central counterparty that has some problems and triggers a crisis," remarked Barry Zubrow during a keynote address on October 28.
Regulatory reform bills currently going through Congress seek to push the use of collateral, margining and central clearing for many OTC derivatives. Zubrow's remarks reflect increasing discord among market
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