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House Agriculture Committee Examines Future Risk of Clearinghouses in Financial Crises

Washington, D.C.Today, the House Agriculture Committee held a hearing examining the regulation of derivative clearinghouses and how cleared markets may respond to a future financial crisis. Chairman K. Michael Conaway (TX-11) made the following remarks after the hearing:

“Clearinghouses are essential to financial markets. As the committee continues its oversight of these institutions, it is essential to understand their role in the well-being of our financial markets, and the new risks a financial crisis could pose. We must ensure clearinghouses work efficiently and effectively for market participants, while reducing systemic risks to our financial markets.”