US counterparty limits threaten OTC clearing push

Off limits

Businessman with a ball and chain

When being pursued by a cat, coyote or other foe, cartoon characters often resort to a tried-and-tested defence: turning a road sign round so it points in the opposite direction. Viewers know what’s in store – the pursuer runs full-tilt into a brick wall, or off the edge of a cliff.

The US Federal Reserve Board seems to have adopted the tactic for one of its Dodd-Frank Act rules. The road sign is the Group of 20 nations policy requiring all standardised over-the-counter derivatives to be

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: