Banks test promise of blockchain as CCP replacement

“You can imagine a world where you don’t need clearing houses,” says senior banker

Could the technology behind bitcoin disrupt the clearing business
Could the technology behind bitcoin disrupt the clearing business?

Disruptive technologies are upsetting apple carts everywhere. Taxi drivers grumble about Uber undercutting fares, while Airbnb has done a number on the hotel industry.

Could the clearing business also be in line for disruption?

"You can imagine a world where you don't need clearing houses, at least not in the same role," says a prime brokerage executive at a European bank in London.

That is an important qualifier. The belief among many market participants is that distributed ledgers – the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.

Calibrating interest rate curves for a new era

Dmitry Pugachevsky, director of research at Quantifi, explores why building an accurate and robust interest rate curve has considerable implications for a broad range of financial operations – from setting benchmark rates to managing risk – and hinges on…

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here