Steps taken by the derivatives industry to improve the over-the-counter market are not enough, according to Neal Wolin, US deputy secretary of the Treasury, speaking at the International Swaps and Derivatives Association's annual general meeting in San Francisco on April 22.
“I know that, recently, Isda has stated its commitment to taking some initial steps toward transparency, standardisation and more effective collateral requirements,” he said. “We welcome these commitments. But make no mistak
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