TITLE

THE OTC DERIVATIVES CLEARING DEBATE Heats Up

AUTHOR(S)
Bresiger, Gregory
PUB. DATE
December 2009
SOURCE
Clearing Quarterly & Directory;Winter2009, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
47155695

 

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