US Fed’s Tarullo stresses importance of robust CCPs
In testimony before the House Financial Services Committee in the US Congress on February 15, Tarullo said both CCPs and trade repositories, which are intended to collect information on all trades in the over-the-counter derivatives markets, supported broader regulatory objectives.
"Both support regulatory oversight and policymaking through provision of more comprehensive data on the derivatives markets," he said. He added CCPs could prove an effective tool in managing counterparty credit risk
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