The process would have to be monitored and regulated "very rigorously", he said.

BBC: UK

Demand for clearing transactions are expected to increase over the next few years as regulators force banks and other parties to channel trades through regulated clearing houses to ensure their risk positions can be better monitored.

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And they would like to see a much more regulated system as used to be the case, particularly in Europe, where capital flows are more closely controlled and monitored.

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