By Michael S. Derby NEW YORK - An increase in government bond central clearing could increase the resilience of a market that forms the backbone of the global credit system, a top New YorkSaltWire's Atlantic regional weather forecast for September 21, 2023 | SaltWireNEW YORK - An increase in government bond central clearing could increase the resilience of a market that forms the backbone of the global credit system, a top New York Fed staffer said in a speech Thursday.
"As more trades are centrally cleared, strains related to spikes in settlement fails could be avoided or reduced, easing a "Increased central clearing could impact the speed with which trading models evolve, as market participants are increasingly connected by central clearing," Neal said, adding"increased central clearing could also lead organically to greater data availability and transparency."