OTC Derivatives Reform…
Source: Risk.net. Representatives of nine national supervisors, including the German Federal Financial Supervisory Authority, the U.S. Commodity Futures Trading Commission and the Japanese Financial Services Agency, met to discuss over-the-counter derivatives and market reform.
“As market participants begin operating in a more regulated environment, supervisors of major market participants must continue to work cooperatively and proactively to drive structural improvements, monitor emerging risks and support consistent supervisory approaches across jurisdictions,” said William Dudley, president of the Federal Reserve Bank of New York.
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