Central clearing: safe as houses?

house-of-cards

When Lehman Brothers collapsed in September 2008, it sent shockwaves around the world – but without the efforts of clearing houses, and one in particular, the collapse would have had an even greater impact on the world’s economy. At the time of Lehman’s bankruptcy declaration, London-based LCH.Clearnet inherited $10 trillion of exposure from Lehman, which was active in almost all of LCH.Clearnet’s business segments. Had LCH.Clearnet not had systems in place to mitigate this risk, the results

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 info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net 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 Risk.net? View our subscription options

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

Investment banks: the future of risk control

This Risk.net survey report explores the current state of risk controls in investment banks, the challenges of effective engagement across the three lines of defence, and the opportunity to develop a more dynamic approach to first-line risk control

You need to sign in to use this feature. If you don’t have a Risk.net 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