New rules designed to kill OTC market, says European regulator
Central Bank of Ireland adviser says reforms will cause an "Ice Age" in the derivatives market
Rule-makers have developed new derivatives regulation with the intention of killing off the over-the-counter derivatives market in its current form, according to Giuseppe Insalaco, senior adviser on clearing and settlement regulation at the Central Bank of Ireland.
Speaking during a panel discussion at Risk's OTC Derivatives Clearing Summit Europe in London earlier this week, Insalaco was asked by a fellow panellist whether the reforms had been designed specifically to kill off the OTC market.
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