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Basel issues final rule on banks' exposure to clearing houses 

April 15, 2014

Capital charges on banks to cover their exposure to clearing houses will be capped from 2017, the global Basel Committee of banking supervisors said on Thursday.

Clearing houses, which stand between two sides of a trade to ensure its completion if one side goes bust, are set to grow rapidly as more of the $700 trillion (416.89 trillion pounds) derivatives market is cleared to increase transparency and safety.

The Basel Committee published its final rule on Thursday which contained several changes from interim requirements already in place.

Read more: Reuters

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