Bresiger, Gregory
December 2009
Clearing Quarterly & Directory;Winter2009, p8
Trade Publication
The article discusses over-the-counter (OTC) derivatives bill HR3795 "The Over the Counter Derivatives Act of 2009," passed by U.S. Congress' Financial Services Committee and supported by U.S. President Barack H. Obama's administration. The bill is intended to use clearinghouses to regulate OTC derivatives business. Passage of the bill can result in major changes that will hurt dealers while exchanges and clearinghouses emerge as winners. Regulators, who will write the rules, are expected not to hurt the dealer-to dealer system.


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