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Regions / Europe

Newsletter October 2013: Pace of OTC derivative reform worries regulator

Simon Turmaine | October 9, 2013

PARIS – Despite the progress made in reforming the vast global over-the-counter (OTC) derivatives market, at least one US regulator is concerned about remaining vulnerabilities. William Dudley, president of the New York Federal Reserve Bank revealed his worries about the pace and sustainability of reforms at a derivatives conference in Paris in mid-September.

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