Bundesbank board member is concerned about multiple clearers under one roof
The German central bank has become the
latest to voice concerns about the proposed merger between
Deutsche Boerse and the London Stock Exchange, citing the
systemic risk of moving the exchanges’ clearers
under one roof.
Andres Dombret, a board member of the
Frankfurt-based Bundesbank, told Reuters: "When several
clearing houses come together in a single exchange operation, I
see it with a certain amount of concern."
Deutsche Boerse and the LSE own the two
largest clearing houses in Europe and Dombret said this is a
potential cause for concern, adding: "It could also create new
sources of contagion."
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