OTC market may have to accept regulatory change post-Enron

The over-the-counter (OTC) derivatives industry may have to accept changes to regulation following the collapse of Enron, James Newsome, chairman of the US Commodity Futures Trading Commission (CFTC) warned on June 18.

While he said most Enron-related issues are focused on corporate governance and accounting rules, he added that changes in rules covering OTC derivatives are possible. But Newsome cautioned that regulators have to wait for the “big picture” surrounding Enron before advocating

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