Perhaps I may also ask a question following that of the noble Baroness, Lady Kramer. The concept of interoperability is very important in the clearing of derivatives, so that corporates in particular can offset a position with one platform where they have a credit with another platform where they have a deficit. Will the Minister clarify that that involves a degree of mutualisation in the event of a failure of a platform because the failure of that platform will transfer to other platforms?
Financial Services Bill
Proceeding contribution from
Lord Myners
(Labour)
in the House of Lords on Wednesday, 5 December 2012.
It occurred during Debate on bills on Financial Services Bill.
Type
Proceeding contribution
Reference
741 c685
Session
2012-13
Chamber / Committee
House of Lords chamber
Librarians' tools
Timestamp
2023-11-26 10:38:26 +0000
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