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Archive

Simon Turmaine | April 18, 2011

NEW YORK – Major dealers and buy-side firms involved in the global over-the-counter (OTC) derivative markets have written a letter to supervisors setting out a range of new commitments intended to reduce risk and improve the way these markets function. The letter was sent in early April to the OTC Derivatives Supervisors Group (ODSG), which is chaired by the New York Federal Reserve, and includes supervisory agencies from German, France, Britain, Japan and Switzerland, as well as the US.

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