As someone that works exclusively in the buy side, I tend to ignore clearing issues as that is the dealers problem, isn't it?
However since last summer there has been a tide of opinion swamping the markets as a whole about how to shore up some of the more transparent risks in the global derivatives infrastructure and we seem to have come to the conclusion that more focus is needed here. In the last few months and weeks the likes of Ben Bernanke, CRMPG, IOSCO, the EU and the OFT in the UK, plus a raft of other notables have been holding forth on the subject and the exchanges and dealers are ... more »
