Derivatives clearinghouse resolution should be addressed by FSB, ex-Bank of England’s Tucker says

1 November 2019 7:28pm
The way derivatives clearinghouses that are ailing or have failed should be unwound by national regulators ought to be addressed by the Basel-based Financial Stability Board, said Paul Tucker, a former Bank of England deputy governor.

“Unlike for the big globally systemic banks, authorities internationally and in the US haven’t set out a plan for what they would do,” Tucker, head of the nonpartisan Systemic Risk Council in Washington, said in a recent interview.