EU regulators concerned over clearing banks stress readiness
German and UK regulators are worried over the considerable variation in how clearinghouses take part in the default process for central counterparties and have raised concerns over how well they would perform under financial stress, according to Bank of England's David Bailey. Regulators observed practice "drills" by clearing houses including Eurex Clearing and LCH. 
By William Shaw (November 17, 2016, 8:51 PM GMT) -- British and German regulators have detected considerable variation in how clearinghouse members participate in the default process for central counterparties, raising questions about how well they might perform under financial stress, a top Bank of England official said late Thursday....

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