We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Treasury Outlines Plan To Regulate OTC Derivatives

Law360 (May 13, 2009, 12:00 AM EDT) -- The Obama administration on Wednesday released details of a plan to require all standardized over-the-counter derivatives to be cleared through central clearinghouses as part of an effort to ensure stability in the financial markets.

U.S. Treasury Secretary Timothy J. Geithner said the requirement would help create transparency in the markets and was "one of the most important things we can do to make the system more stable in the future."

"It won't solve all the problems, but it's a hugely important thing to do," he said...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.