A Futures Industry Association task force formed following the near-collapse of Barings released a set of guidelines for exchanges and clearinghouses to use in evaluating and comparing safeguards and rules. The guidelines, along with a crisis procedures list also created by the task force, offer exchanges and clearinghouses a means to jointly deal with financial crises. The task force will be dissolved.
Also, six more organizations agreed to sign an information-sharing agreement, also geared toward increasing information flow among exchanges, including the Tokyo International Financial Futures Exchange and the Bolsa de Mercadorias & Futuros. Previously, 49 exchanges and clearinghouses signed the agreement.
