Clearinghouses Transition to OTC Regime
Published September 14 2011 Markets Media
Governance and default management top list of priorities. Clearinghouse operators are making the transition to a new regulation regime for OTC derivatives born out of the Dodd-Frank Wall Street Reform, Act, including revamped governance and default management. Under FinReg, most vanilla, or standardized, OTC derivatives contracts must be centrally cleared. The CFTC and SEC are crafting rules aimed at fulfilling the law’s goals of transparency and risk management.
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