UPDATE 1-EU takes action on ‘too-big-to-fail’ risks in financial clearing
European Union governments on
Wednesday agreed new rules for handling failures of clearing
houses raising the financial burden on them in a rescue, in a
move aimed at preventing contagion risk in the global financial
system.
Wednesday agreed new rules for handling failures of clearing
houses raising the financial burden on them in a rescue, in a
move aimed at preventing contagion risk in the global financial
system.
Posted by Reuters
