Unfinished business; OTC derivative market reform
October 3, 2016

Luke Zubrod shares his insights and experiences with the OTC derivatives reform process. Zubrod recalls that in the immediate aftermath of the financial crisis there was an overwhelming public perception that derivatives were weapons of mass destruction, financial instruments capable of bringing economies to their knees. “In our discussions with policymakers and regulators in Washington DC and elsewhere, we thought it was important early on to tell the other side of the story – about commercial end-users that use derivatives as simple risk-reducing business transactions and that do so in quantities that are not systemically risky.”

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