Rejigging the OTC derivatives market

Patricia White, an associate director at the division of research and statistics at the Federal Reserve, has testified on how the central bank believes the derivatives market should be regulated.

Her testimony to the Subcommittee on Securities, Insurance and Investment, Committee of Banking, Housing and Urban affairs, included a description of the broad objectives that the Fed believes should guide policymakers as they devise a new regulatory structure for the over-the-counter (OTC) derivatives

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