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Finally, Barings prompted much reflection and self-examination by individual jurisdictions, the substance of which is reported in detail in separate country reports. As examples of such individual work, however, we note that in the United States the CFTC requested each futures and options exchange and related clearinghouse to participate in stress tests of their systems' ability to deal with a financial or market disruption. In the U.K., the derivatives exchanges and the London Clearing House, together with the London Stock Exchange, formed a working party with the SIB and the relevant SROs to discuss regulatory concerns and the work to be carried out by U.K. regulators.
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