Interesting testimony from 10 years ago . . note the players who supported minimal regulation of OTC derivatives which largely led to today’s financial armageddon. They are back today !!!!
Testimony of
Richard R. Lindsey, Director,
Division of Market Regulation
Before the House Committee on Banking and Financial Services,
Concerning Regulation of the Over-the-Counter Derivatives Market
and [...]
Over-the-Counter Derivatives Market and Hybrid Instruments
January 24th, 2009 · No Comments · Exchanges, Markets
Senate Bill Would Regulate OTC Derivatives and Credit Default Swaps
January 23rd, 2009 · 2 Comments · Exchanges, Markets
SATURDAY, JANUARY 17, 2009
Senate Bill Would Regulate OTC Derivatives and Credit Default Swaps
Jim Hamilton
A bill introduced by Senator Tom Harkin would bring all OTC financial transactions and credit default swaps currently traded without federal oversight onto regulated exchanges. The Derivatives Trading Integrity Act, S. 272, would establish stronger standards of transparency and integrity in the [...]
Tags: derivatives·OTC·regulation·swaps