  Centralized clearing and settlement: Internationally, centralised clearing and settlement is also being proposed as a measure to address the risk management issues in OTC derivatives. It would be a challenging task to devise a centralized clearing and settlement framework for single name CDS. The RBI is examining international practices in this regard. 37.
In Italy, Mussolini’s “quota 90” policy for the lira, implemented in an authoritarian fashion in 1926 by the Finance Minister, Giuseppe Volpi, despite the misgivings of the Governor of the Bank of Italy, Bonaldo Stringher, appears to have been influenced by Keynes’s suggestions.