FSA says CFTC's clearinghouse proposal could increase risk

03/22/2011 | Reuters

The Commodity Futures Trading Commission proposed a measure that could force clearinghouses to accept more members. The U.K. Financial Services Authority scrutinized the proposal, saying it could increase risk in the system. Such requirements could increase access to clearinghouses, but "to impose them on clearing arrangements for products that have complex or unique characteristics could lead to increased risk to the system in the short to medium term," the FSA said in a rare comment letter to the U.S. agency.

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