Isda AGM: US regulator identifies six weaknesses in OTC market
While praising the derivatives industry for the strides it has made in improving operations infrastructure - specifically, the reduction in backlogs and improvements in novations processing - Lubke said there is still an over-reliance on manual processes. "There are still a lot of improvements needed to automate the market in a strong and efficient manner," he remarked.
The second area of concern for regulators, Lubke added, was what he referred to as "structural design weaknesses in how
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