Euronext to significantly reduce stake in clearinghouse
Members of clearinghouse LCH Clearnet (LCH-C) last week
voiced concerns to FO Week that staff cuts at could
have materially affected the firm's ability to cope in a crisis
such as a member default, a claim vehemently denied by the
A spokesperson for the clearinghouse told FO
Week the claim should be dismissed as
"sensationalist" and "wildly speculative". He explained that in
the firm's risk department there were only two junior vacancies
out of the total of thirty and only one junior vacancy in
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