
Agenda set for derivatives industry
A meeting at the New York Federal Reserve on Wednesday of the major players in the over-the-counter derivatives market culminated in a four-point agenda for the industry.
Participants from the dealers, the buy-side, industry groups, and supervisors and central banks gathered at Liberty Street to outline efforts to enhance the oft-criticised industry infrastructure.
The four points on which the attendees agreed were:
· to complete "hardwiring" the auction-based settlement mechanism for standar
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