Bill Clinton says failure to reform OTC markets earlier was a "real mistake"


Bill Clinton has said rules to strengthen oversight of over-the-counter derivatives markets should have been introduced before the 2008 financial crisis.

In 2009, the Group of 20 nations agreed a three-pronged overhaul of OTC markets, based on trade reporting, use of organised trading platforms and central clearing. These reforms were introduced in the US via the Dodd-Frank Act, which was signed into law by president Barack Obama in July 2010. But Clinton believes new rules should have been

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