Thursday, 1 May 2014

It's not just banks that are too big to fail

So, we're moving nearly all OTC derivatives trading to Government-backed central counterparties (CCPs). All market participants can now be allowed to fail without endangering the system. We may not have ended Too Big To Fail in banking, but we have in OTC trading.

Or have we? As usual, it's not that simple.....

Read more here. (Forbes)

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