Bill Clinton says failure to reform OTC markets earlier was a "real mistake"
Speaking at Sifma AGM, former US president says OTC market should have been forced into collateralised regime before 2008 crisis
Bill Clinton has said rules to strengthen oversight of over-the-counter derivatives markets should have been introduced before the 2008 financial crisis.
In 2009, the Group of 20 nations agreed a three-pronged overhaul of OTC markets, based on trade reporting, use of organised trading platforms and central clearing. These reforms were introduced in the US via the Dodd-Frank Act, which was signed into law by president Barack Obama in July 2010. But Clinton believes new rules should have been
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