US Treasury puts derivatives trading in the spotlight

New Angles

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The US Treasury plans to investigate a number of perceived dangers in the financial system, including counterparty credit risk concentrations among US insurers and the burgeoning growth of the unregulated hedge fund and over-the-counter derivatives markets. The development comes at a time when dealers are scrambling to assuage regulator concerns about the backlog in trade confirmations in their derivatives trading books.

According to Randal Quarles, undersecretary for domestic finance at the

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