Securities Regulators Set New Rules For Clearinghouses

Law360, New York (April 16, 2012, 2:24 PM EDT) -- Clearinghouses that handle complex securities trades would have to keep enough capital and liquidity to cover the simultaneous collapse of their two largest users under new rules released Monday by international financial regulators.

Most national regulators, including those in the U.S. and Europe, expect to adopt the new standards by the end of the year as part of their broader effort to address the causes of the 2008 financial crisis and to implement protections to prevent a possible repeat of the global calamity.

The new standards,...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.