Industry prepares for OTC regulation debate
The US Government has initiated what is set to be a lengthy and complex debate over proposals for the regulation of over-the-counter derivatives, finds Pauline McCallion
Treasury Secretary Tim Geithner's May 13 announcement designed to establish a framework for regulation of the $33.9 trillion over-the-counter (OTC) derivatives market has left industry participants eager for more detail.
While many supported the main idea put forward of encouraging OTC clearing through regulated central counterparties (CCPs), others questioned the logic behind a potential further
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