Blow to London as LCH.Clearnet launches clearing house in Paris

The French arm of LCH.Clearnet, Europe's largest independent clearing house, launched the clearing of credit default swaps on the 29 March 2010 - a victory for French efforts to ensure the processing of such off-exchange derivatives instruments is done in Paris.

ESO: Background information: Trichet backs tougher CDS regulation http://www.europeansources.info/record/trichet-backs-tougher-cds-regulation/

ESO: Background information: Naked truth about the villain of Europe http://www.europeansources.info/record/naked-truth-about-the-villain-of-europe/

Wikipedia: Credit default swap http://en.wikipedia.org/wiki/Credit_default_swap

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