During a meeting held on 10th July 2012, the U.S. Swaps Regulator approved a key definition that will start the clock ticking on a host of reforms for the over-the-counter (OTC) global swaps market.
The Securities and Exchange Commission (SEC) define what type of derivatives products will be regulated under the new regime created by the 2010 Dodd-Frank Wall Street reform law.
Banks need a bit of peace and quite.
June 20, 2012
Sir, I have just read the article "Regulation: Economic slowdown has put brake on global reforms" (June 18) and I am not surprised that the new banking regulations are being blamed for the continuing bank deleveraging and slowdown in credit growth.
