Progress and peril: Dodd, Maijoor, Pirrong and more on the G-20 reforms
Last year was a landmark for the derivatives reforms laid out by the Group of 20 nations in 2009, with clearing, trading and reporting rules all coming online in the US. But it was also just the start of efforts to co-ordinate and align the rules internationally. For that reason, 2014 will be the acid test. Here, 17 politicians, regulators and market participants respond to two key questions: has the US delivered good over-the-counter market reforms, and what are the key challenges now facing Europe?
POLITICIANS AND REGULATORS
One of our principal goals when we set out rewriting the regulations that govern our financial industry was the creation of an early warning system to contain unsafe products and practices. We recognised early on that we needed common-sense rules in place for unregulated financial products
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