Future of supervisors' letter process unclear in wake of Dodd-Frank

dudley
William Dudley, New York Fed President

The Over-the-Counter Derivatives Supervisors Group (ODSG) may soon be sidelined or even disbanded in the face of regulatory impatience and the growing volume of national and regional regulatory reform. At a meeting held at the Federal Reserve Bank of New York on January 27,regulators expressed impatience at the speed with which OTC market participants and central counterparties (CCPs) have moved towards extending swap clearing services beyond financial institutions to end-users of derivatives