Profile - Federal Reserve Bank of New York's Theo Lubke
Despite a last-minute scramble to shore up support, US financial reform was on the brink of becoming law as Risk went to press. The new rules will overhaul the derivatives market, requiring dealers and a selection of other large derivatives users to clear standardised trades through central counterparties (CCPs), and will also provide regulators with far more information.
Although the legislative process in Congress has generated a lot of discussion, the Federal Reserve Bank of New York has long
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