Law360, New York (December 21, 2009, 1:06 PM ET) -- The financial crisis has caused governments and regulators worldwide to review and rethink the risk mitigation policies they prescribe to various financial markets and in particular, the over-the-counter derivatives market.

From a U.S. perspective, both the Obama administration (the “Administration”) and lawmakers have their eyes firmly set on this market, necessitating that it requires comprehensive “securities style” regulation.

Such reforms were a key election pledge of the Administration and they have far-reaching consequences for OTC commodity derivative traders active in the OTC derivatives market.

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