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Eurex Clearing White Paper "How CCP's Strengthen the Safety and Integrity of Financial Markets"

Author Name: Thomas Book, CEO Eurex Clearing

The lessons from the past and the conclusions for the future 

Eurex Clearing recently published its White Paper on the functioning of CCPs and their contribution to reduce systemic risk, given the ongoing discussions on the role of Financial Market Infrastructure as the new regulatory regime takes hold. The main purpose of the paper was to analyse how CCPs serve their markets and the positive impact they have on user's risk management. Of particular interest was the question surrounding CCP market structure resilience for extreme market scenarios, and how CCPs, their members, and regulatory stakeholders will ensure that even in circumstances which overwhelm the existing levels of collateralization, a CCP enables either the recovery or resolution in an orderly manner.

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B20 Recommendations Focus on Economic Growth and Jobs

Author Name: Elmer Funke Kupper, Managing Director and CEO, ASX Group

In November 2014 Australia's Prime Minister Tony Abbott will host the G20 leaders in Brisbane. The G20 continues to be the premier forum for international economic cooperation, with members from 19 countries plus the European Union. G20 leaders, finance ministers and central bank governors meet regularly to discuss ways to strengthen the global economy.

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For the Global Exchange Community, a New Major Development in Cyber Security

Author Name: Mark Graff, Chief Information Security Officer, NASDAQ OMX

In March 2014, the World Federation of Exchanges (WFE) established a new Cyber Security Working Group. (Members call it "GLEX", for GLobal EXchange security.) 

GLEX's mission is to aid in the protection of the global capital markets. The Founding Committee included representation from over a dozen exchanges across the globe, and current membership stands at about two dozen. Any WFE member in good standing is eligible, and there is no cost beyond that of WFE membership itself.

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Running to Stay in Place: Listed Derivatives Still Beset by Challenges

Author Name: Nick Ronalds

The news in early April that all former customers of MF Global would soon be returned all the money they were owed turns the page on one of the industry's worst traumas. It was a welcome piece of news to an industry still beset by challenges. Listed derivatives volume was up last year, but only modestly following one of the worst volume declines in decades in 2012.

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Making our Markets Sustainable: Stock Exchanges Face the Challenge

Author Name: Evan Harvey, NASDAQ OMX

As Environmental, Social, and Corporate Governance (ESG) issues become more prevalent in the capital markets, investors, stakeholders, and regulators are using new data—and greater insight—to drive their decisions. Some stock exchanges play a double role in this trend, simultaneously pushing better ESG practices into their markets and protecting them from immaterial or burdensome regulation. Can an exchange support listed companies and sustainability reporting channels?

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