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The Clearing House and the International Swaps and Derivatives Association (ISDA) have jointly issued a white paper delving into a number of key issues that regulatory entities could take under consideration when formulating an aggregated framework for central counterparties (CCPs), per a recent ISDA statement.
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The paper’s release comes at an important time for CCPs, which have ironed out a critical role across the financial system not just in the United States but globally. Currently, there is lacking a unified ... (read more)