BoE’s Haldane: OTC markets need reforming
There is a compelling case for reform of the post-trade infrastructure of a number of over-the-counter (OTC) markets, said Andy Haldane, the executive director for financial stability of the Bank of England.
Haldane said that delivering that reform would call for a rather more interventionist stance by the authorities than was the case in the recent past. He said that the United States's authorities' recent proposal to extend central clearing to all standardised OTC derivative instruments was a
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