Voluntary commitments take back seat to Dodd-Frank

Losing commitment

William Dudley

The roll call of attendees at the first meeting of what would become the Over-the-counter Derivatives Supervisors Group (ODSG) serves as a stark reminder of the unprecedented upheaval financial markets have endured in recent years. The inaugural meeting took place at the Federal Reserve Bank of New York on September 15, 2005. Three years later, the New York Fed would be at the epicentre of efforts to rescue two pillars of the ODSG – Lehman Brothers and Merrill Lynch.

Within weeks Wachovia would

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: