Warning of OTC reform effects on exchanges and CCPs
Walt Lukken, president and CEO of the Futures Industry
Association (FIA), has warned regulatory reforms pushing OTC
markets onto exchanges and towards central clearing runs the
risk of those institutions becoming "too big to
Since the 2008 financial crisis and the implementation of the
Dodd Frank Act in the US, certain types of interest rate and
credit default swaps are now required to be cleared and traded
on exchanges in order to bring transparency to a previously
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