OTC Derivatives Clearing Summit: Bank examiners will push dealers away from bespoke trades, says Fed

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Banks will be asked by their supervisors to demonstrate they are meeting client needs with standardised products rather than bespoke over-the-counter derivatives, a consequence of the Group of 20 (G-20) nations' attempts to reduce systemic risk, according to Jeanmarie Davis, senior vice-president for financial market infrastructure at the Federal Reserve Bank of New York, who was speaking at Risk's OTC Derivatives Clearing Summit in New York yesterday.

Regulators have made it clear they will

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