Markets

Sep 21: A clear path for OTC clearing

The US and Europe have come up with proposals for greater clearing of over the counter (OTC) derivatives, opening a debate about the extent to which such products can be cleared. Roger Liddell, chief executive of LCH.Clearnet, Europe's largest independent clearer, talks to Jeremy Grant about finding the balance between reducing risk by greater clearing of OTC transactions and allowing banks to innovate.