[11] However, the increase in the capital-labour ratio associated with a sustained phase of higher saving and a contraction in the workforce will weigh on the level of real interest rates for a considerable time.
There is a huge array of markets in financial instruments around the world and there are multiple CCPs for different instruments. Some instruments are centrally cleared already, many are not. Not all instruments are good candidates for central clearing, because they are not sufficiently standardised and can’t easily be made so.