The Hope Now Alliance – a broadbased coalition of government-sponsored enterprises, industry trade associations, counseling agencies, and mortgage servicers – is making efforts to find ways to help borrowers through loan modification plans. 2  Randall S. Kroszner (1999), "Can the Financial Markets Privately Regulate Risk? The Development of Derivatives Clearing Houses and Recent Over-the-Counter Innovations", Journal of Money, Credit, and Banking, vol.
On the initiative of the New York Clearing House (NYCH) nearly 500 internationally operating credit institutions from 20 countries participated in the test, for which they had 34 systems in America, Europe, Asia and Australia at their disposal (more detailed information is contained in the Internet excerpts from NYCH which you have before you).