New York Fed looks at confirmation issue
New angles
The New York Federal Reserve Bank will meet regulators and leading banks this month in an attempt to deal with backlogs of unconfirmed credit derivatives trades. President Timothy Geithner wrote to 14 Wall Street banks in August to call the meeting on September 15. Representatives from the Office of the Comptroller of the Currency, the Securities and Exchange Commission and the German, Swiss and UK financial regulators have also been invited.
"We are inviting key market participants to discuss
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
More on Infrastructure
Regulation
‘Holes’ in new UK regulatory net worry trading venues
Regulated venues say rival firms might unfairly escape oversight in activities such as blocking trades and price aggregation
Receive this by email