29/12/2009
LSE chief calls for stricter regulation of clearing houses
The Financial Times reports that Xavier Rolet, head of the London Stock Exchange, is calling for stronger regulation of clearing houses. He says the optimal solution would be for the entities to be governed by central banks, in order to avoid the potentially catastrophic consequences of failure . Rolet finds it regrettable that the capital structures and risk models of clearing houses differ from one country to another.
