Taking time to settle


Counterparty credit risk, clearing and systemic risk have become major talking points on Capitol Hill and in Brussels since the collapse of Lehman Brothers in September 2008. Following the broker-dealer's filing for Chapter 11 bankruptcy protection on September 15 and the accompanying meltdown in financial markets, regulators and politicians have debated how best to strengthen the financial system. A little more than a year later, legislation is being pushed through in the US and Europe that wil