Clearance and settlement in U.S. securities markets

The Federal Reserve has taken on a larger role in overseeing clearinghouse activities in order to maintain the stability of the system. In view of disturbances such as the 1987 stock market crash and the collapse of confidence in Drexell Burnham Lambert Group, the Fed instituted new controls. The ne...

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Bibliographic Details
Published inFederal Reserve Bulletin Vol. 78; no. 3; p. 182
Main Authors Parkinson, Patrick, Stehm, Jeff, Gilbert, Adam, Gollob, Emily, Hargraves, Lauren, Mead, Richard, Taylor, Mary Ann
Format Newsletter Journal Article
LanguageEnglish
Published Board of Governors of the Federal Reserve System 01.03.1992
Subjects
Analysis
Central banks
Evaluation
Liquidity (Finance)
Management
Risk assessment
Securities industry
Stock exchange
U.S.A
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Summary:The Federal Reserve has taken on a larger role in overseeing clearinghouse activities in order to maintain the stability of the system. In view of disturbances such as the 1987 stock market crash and the collapse of confidence in Drexell Burnham Lambert Group, the Fed instituted new controls. The new rules outline credit, liquidity, and operational safeguards required of participants in the clearinghouse system.
Bibliography:ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
content type line 23
ISSN:0014-9209
1944-8910