As more derivatives trades are processed by clearinghouses, U.K. authorities warn that margins charged by clearinghouses will be closely monitored. "We are not in the business of preventing competition, but what's important is the terms of that competition," said Edwin Schooling Latter, Britain's clearing supervisor. "We want a world where the clearinghouses compete on the quality of their risk management and not on how low their margins are."

Full Story:

Related Summaries