Powell says ‘good deal more’ needs to be done on CCPs
Calls for further measures on liquidity and transparency, among others
Given the increasingly prominent role that central clearing will play in the financial system "it is critical we get [it] right", according to the Federal Reserve's Jerome Powell.
Governor Powell told an audience at the Annual International Banking Conference, hosted by the Federal Reserve Bank of Chicago, that central clearing and central counterparties (CCPs) present several "complex and unique challenges".
"Several measures should be considered in the near term to further strengthen the
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