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Industry split over CCPs' ability to face new risks

There is discord in the industry over whether CCPs will be able to deal with the risks of clearing OTC derivatives as mandated by new regulation

Diana Chan

Central clearing houses (CCPs) in Europe do not have the skills to measure the risks they will be taking under new clearing regulations, according to participants at a roundtable event in London.

"We got pretty lucky post-Lehman Brothers with some of the processes used to resolve that situation as we came out of 2008," said one participant at the event, held on October 14 by the Centre for the

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