NY Fed discourages use of bespoke derivatives

theo-lubke-0610
Theo Lubke

The Federal Reserve Bank of New York is looking at ways to discourage the use of customised or bespoke derivatives in order to push more over-the-counter trades towards central clearing, including greater reporting requirements and increased rigour around collateral.

The move is a reflection of growing concern among regulators that banks might try to disguise standardised derivatives as bespoke to evade requirements to centrally clear trades. The Group of 20 has called for all standardised

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 [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: