Description

Over-the-counter (OTC) derivatives markets at large – and their infrastructure in particular – have been a key area of capital markets particularly affected by the regulatory reforms enacted over the past few years.

In the wake of the financial crisis, global policymakers agreed (starting with the G-20 agreement of September 2009) on a series of measures that were designed to improve the transparency and the robustness of the OTC derivatives market.

This paper highlights the major changes that have taken place to date and the significant associated changes in the way financial institutions manage the impacted businesses.

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