But CCPs have a single fund of default and if that fund were not sufficient then that would engage the responsibility of other clearers. That would mutualize risks that are emanating from those virtual currencies. The question then arises whether we shouldn’t have a clearer segregation between the real and the virtual world.
The same goes for the imported credit risk that could come along and the question of collateral. These are the areas where we have direct responsibility as a central bank. What is relevant to us is that we protect the functioning of our open market economy.