Regulators Ramp Up Scrutiny Of 8 Exchanges, Clearinghouses

Law360, New York (July 19, 2012, 2:50 PM EDT) -- Top financial regulators on Wednesday designated eight exchanges and clearinghouses for stricter oversight under plans outlined under the Dodd-Frank Act, deeming them systemically important to the financial system even though they aren't banks.

The Financial Stability Oversight Council, a group of the heads of the nation's financial regulatory agencies created by Dodd-Frank, followed through on plans to designate certain exchanges and clearinghouses as nonbank systemically significant financial institutions, making them subject to higher risk management standards.

FSOC, unanimously voted to slap SIFI tags on CME Inc.,...
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