"They need to set their stall out as to what they want to achieve through central clearing, and the only way to do this is to define what OTC products can be standardized, and those which cannot."
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"They need to set their stall out as to what they want to achieve through central clearing, and the only way to do this is to define what OTC products can be standardized, and those which cannot."

--Declan Ward, executive director at NYSE Liffe, on the need for regulators to define which over-the-counter derivatives should be centrally cleared.

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