Aug 30, 2012
• Bylined Articles
OTC Rules Need Regulatory Harmony
Larry Thompson, Managing Director and General Counsel
When the G20 members met in 2009 to design the post-crisis regulatory framework, they set an ambitious but necessary goal – to improve the integrity and efficiency of the financial system by enhancing transparency in the over-the-counter (OTC) derivatives markets. With less than four months to go until the G20 deadline, legal certainty on many rules can best be achieved through a policy of equivalence and mutual recognition.
Download the Congressional Testimony: OTC rules need regulatory harmony