March 26, 2013 at 11:10 AM EDT
Bank of Canada says to oversee SwapClear due to systemic risk
OTTAWA, March 26 (Reuters) - The Bank of Canada said on Tuesday it would formally regulate SwapClear, the dominant global system for centrally clearing over-the-counter interest rate swaps, because it has the potential to pose systemic risk to the Canadian financial system.
Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here