On the recordMarch 31, 2011
However, the flip side of the centralization of clearing and settlement activities in clearinghouses is the concentration of substantial financial and operational risk...
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congress.govEditor's note · Context
Warns about the risks associated with centralizing clearinghouse activities.
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Yes, my suggestion to Congress is to consider possibilities that involve somewhat less restraint in the near term and more action to make sure that we are on a sustainable path in the long run.
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