Regulators need joined up thinking to spot derivatives risks - BIS
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LONDON (Reuters) - Regulators should scrutinise clearing houses and banks together to spot financial stability threats from the world's multi-trillion dollar derivatives market, the Bank for International Settlements said on Sunday.Almost two-thirds of interest rate swaps pass through clearing houses like LCH and Eurex , ensuring the safe completion of trades even if one side of a transaction goes bust.This compares with a fifth in 2009, before new rules were introduced in the aftermath of the..