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Regulators find it difficult to make clearing houses stronger: bankers

International panel crafting standardised "stress tests" for clearing houses
Monday, December 29, 2014 - 05:50

New York

IN December 2013, Hanmag Securities Corp, a small South Korean brokerage firm, lost 46 billion won (S$55 million) in a day after a stock option trading algorithm went bad. It was a fatal blow for a firm with just 15 billion won of capital - Hanmag went bust. What happened next

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