OTC Derivatives Dealers And Buy-Side Participants Jointly Propose New Framework For Risk Management And Market Structure.
Mondaq Business Briefing › Nbr. 2009, January 2009
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OTC Derivatives Dealers And Buy-Side Participants Jointly Propose New Framework For Risk Management And Market Structure.
In a letter dated June 2, 2009, to the Federal Reserve Bank of New York (the "NY Fed") and eleven other regulators, a group of dealers and buy-side participants comprising the Operations Management Group (the "OMG") set forth a renewed commitment to implement additional changes to improve risk management and market structure for OTC derivatives (the "OMG Letter"). The OMG Letter is consistent with many of the proposals set forth by the US Department of Treasury in a letter from Treasury Secretary Geithner dated May 13, 2009, to Congressional le...
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