A long road but a clear view

With the events of September 2008 now almost a year in the past, it's time to take a break from the hand-wringing and look at some positive actions that are moving financial markets forward. In the wake of calls for more oversight of over-the-counter derivatives, the derivatives industry has taken steps to make the marketplace more secure, while working to retain these products' robustness as globally utilised risk management tools.

Central clearing has been a front-burner topic, and the

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