No more Fed letter commitments expected, says Dudley
New York Fed will "stand down" as the CFTC and SEC "stand up", says New York Fed president
The Federal Reserve Bank of New York does not anticipate any further voluntary commitments from the derivatives industry this year, as new regulations on execution, clearing and transparency start to come into effect, according to William Dudley, president of the Federal Reserve Bank of New York.
Industry participants have made voluntary commitments to improve aspects of derivatives operations in a series of letters to the Over-the-Counter Derivatives Supervisors Group (ODSG), chaired by the New
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