by Summary:
President Donald Trump’s chief economic adviser Gary Cohn said he sees a major risk evolving in clearinghouses, platforms that regulators turned to for swaps following the 2008 financial-market crisis. As “we get less transparency, we get less liquid assets in the clearinghouse, it does start to resonate to me to be a new systemic problem in the system,” Cohn, director of the White House’s National Economic Council, said at a banking conference in Washington on Sunday.... “It’s the things we can’t liquidate that scare me,” Cohn said. BloombergGary Cohn Calls Clearinghouses 'a New Systemic Problem' Jeanna Smialek
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Mike Norman considers the following as important: clearing houses
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President Donald Trump’s chief economic adviser Gary Cohn said he sees a major risk evolving in clearinghouses, platforms that regulators turned to for swaps following the 2008 financial-market crisis. As “we get less transparency, we get less liquid assets in the clearinghouse, it does start to resonate to me to be a new systemic problem in the system,” Cohn, director of the White House’s National Economic Council, said at a banking conference in Washington on Sunday.... “It’s the things we can’t liquidate that scare me,” Cohn said. BloombergGary Cohn Calls Clearinghouses 'a New Systemic Problem' Jeanna Smialek
Topics:
Mike Norman considers the following as important: clearing houses
This could be interesting, too:
President Donald Trump’s chief economic adviser Gary Cohn said he sees a major risk evolving in clearinghouses, platforms that regulators turned to for swaps following the 2008 financial-market crisis.
As “we get less transparency, we get less liquid assets in the clearinghouse, it does start to resonate to me to be a new systemic problem in the system,” Cohn, director of the White House’s National Economic Council, said at a banking conference in Washington on Sunday....
“It’s the things we can’t liquidate that scare me,” Cohn said.