Exchanges and clearinghouses would be required to maintain adequate technology systems and report disruptions under a U.S. Securities and Exchange Commission plan for the first update of automation principles in 22 years.
The Clearing House Association recently released a paper detailing the results of a six-month study into ways central counterparties could better protect themselves.
Derivatives clearinghouses owned by CME Group Inc. and Intercontinental Exchange Inc. have been designated systemically important by U.S. regulators, moving them closer to heightened supervision under the Dodd-Frank Act.
Fed Chairman Ben Bernanke remarked at the 2011 Financial Markets Conference about clearinghouse access to the Fed window and commodity inflation
An amendment to the Senate financial regulatory bill would restrict shareholder ownership of a clearinghouse by large banks to 20%.