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International efforts, such as the Paris Agreement, aim to reduce greenhouse gas emissions. But experts say countries aren’t doing enough to limit dangerous global warming.
Derivatives Clearinghouses: Opportunities and Challenges
May 2011
- Testimony
- Testimony by CFR fellows and experts before Congress.
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Benn Steil testifies before the Senate on the importance of regulatory reforms to make U.S. markets more resilient to the failures of individual financial institutions. He argues that well capitalized and regulated central derivatives clearinghouses have historically provided the best example of successful “safe-fail” risk management in the derivatives industry.
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