Extraterritoriality, uncleared margin and futurisation – Isda on OTC derivatives reform

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The Panel

Nick Sawyer, editor-in-chief, Risk
Stephen O'Connor
: Chairman of the International Swaps and Derivatives Association and a managing director at Morgan Stanley
Eric Litvack
: Vice-chairman of Isda and head of regulatory strategy at Société Générale Corporate & Investment Banking

Risk: The first clearing mandates under the Dodd-Frank Act came into force on March 11, capturing swap dealers, major swap participants and active funds. Were there any issues in the approach to this deadline?

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