The main US options regulator has adopted tighter rules for clearing houses
The US options regulator has introduced
tougher new standards for systemically important clearing
houses, marking another step in central counterparty
The new Securities and Exchange Commission
rules require policies and procedures for daily stress testing,
conservative haircuts subject to yearly reviews, testing of
liquidity providers and the introduction of recovery or
The new requirements are consistent with
the CPMI-Iosco principles for financial market infrastructures
proposed in December last year.
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