Can standards deliver?
The road to hell is paved with good intentions. This expression may be too strong to be applied to the raft of over-the-counter derivatives market regulation being proposed, but there is certainly growing concern about the unintended consequences that may arise from these changes.
Regulators in the US are mulling over rules that would require all standardised OTC contracts to be traded on a designated contract market or registered alternative swap execution facility, and cleared through a
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