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[AlanC]

Regulators Target 'Systemically Important' Clearinghouses

http://online.wsj.com/article/SB10001424052970204740904577197502183323024.html?mod=WSJ_hp_LEFTWhatsNewsCollection

"BY JEFFREY SPARSHOTT AND VICTORIA MCGRANE

WASHINGTON—Regulators have notified some payment and clearing firms that they face a review to determine whether their failure could pose a risk to the economy.

The Financial Stability Oversight Council, comprising top financial regulators and created by the Dodd-Frank financial-overhaul law, last month sent letters to so-called financial-market utilities—the minutes didn't specify which or how many—saying they are being considered for designation as systemically important. The council disclosed it had sent the letters in minutes from its last meeting, released Wednesday.
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original post by boarddork