Straight Up Derivatives

Treasury Secretary Timothy Geithner called for legislation that would require derivatives to be traded on exchanges or clearinghouses, rather than in over-the-counter (OTC) transactions. This proposed authority over the largely unregulated derivatives multi-trillion-dollar market is aimed at mitigating the systemic risk that contributed to the current global financial crisis. Here are some of the responses to this week’s news.
TheDeal.com identified the stakeholders and explored the politics of derivatives regulation.
The key players here are regulators and payments systems executives around the world, two groups that have long been deeply intertwined and, to the public, mostly invisible. The battlefield has two locales: …read more