Central banks

Central clearing house becomes a reality

Clearing Corporation, a Chicago-based clearing house, and the New York-based Depository Trust and Clearing Corporation (DTCC) will launch central counterparty clearing services for a range of over-the-counter credit derivatives in the third quarter.

Growing ambition

The appointment of Doug Naidus as global co-head of residential mortgage origination and trading at Deutsche Bank is a reflection of how much has changed since the bank bought MortgageIT last year. Here, he talks with Mortgage Risk about the firm's move…

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