Fed Said To Be Pressing For More Buy-Side Clearing

22 Jan 2010

The Federal Reserve Bank of New York is said to be pressing for more over-the-counter derivative clearing from buy-siders such as hedge funds.

The Federal Reserve Bank of New York is said to be pressing for more over-the-counter derivative clearing from buy-siders such as hedge funds. Sources said that the Fed last week asked dealer executives to increase central clearing of credit default swaps and other OTC trades beyond the 93% ...

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