US Group Seeks Legal Change To Reduce Systemic Risk Of Derivatives

REGULATORS

WASHINGTON, DC--The US President's Working Group on Financial Markets earlier this month recommended several changes to the Commodities Exchange Act designed to reduce systemic risk in the over-the-counter (OTC) derivatives markets.

The group hopes that its recommendations, if accepted, would reduce uncertainty in the US OTC derivatives markets, thereby boosting the appeal of OTC instruments to global investors.

"If enacted, these changes will strengthen the financial system by improving a seg