The US Securities and Exchange Commission has named heads of regulation for derivatives policy, and clearance and settlement
Paul Evans has left Soca to join KPMG as a director of its UK risk consulting practice
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Departures from Bank of America Merrill Lynch, RBS and UBS come as retail structured products sales have failed to regain momentum following a collapse in volumes since the global financial crisis
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.