The European Central Bank will meet senior exchange executives and regulators next week to discuss the creation of a clearing house for credit default swaps, as regulators seek ways to stem risk in the opaque credit derivatives markets.

The ECB has called representatives of prospective CDS clearing house providers, including German derivatives market Eurex, Atlanta-based IntercontinentalExchange, the Chicago Mercantile Exchange and NYSE Euronext-owned Liffe, to Frankfurt on Monday to discuss their plans, according to one exchange executive who will attend the meeting.