Clearinghouses should have tougher regulation, say global banks, asset managers
( October 24, 2019, 16:06 GMT | Official Statement) -- MLex Summary: Clearinghouses should be required to take more responsibility for losses through tougher regulation, Goldman Sachs, JP Morgan, BlackRock and others said today. In a joint paper, they called for more stringent rules to align incentives which mean clearinghouses take losses in bad times as well as reaping the rewards in good times.Statement follows. The joint paper is attached....
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