Chasing missed deadlines

Joel Clark at FX Week

The drafting and implementation of reforms of the derivatives market over the past three years has seen no shortage of false starts and seemingly insurmountable obstacles. So it should be little surprise that now, in mid-2013, the foreign exchange industry is fighting different battles and solving new problems – some of which barely even existed just a few months ago.

From a high level, the G-20's end-of-2012 deadline for the regulations to be completed has long been missed, and the three main

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