Regulatory frameworks for financial derivatives

US DERIVATIVES REGULATION

The Obama administration on May 13th unveiled a sweeping plan to regulate over-the-counter derivatives in an attempt to seize greater control over an opaque market that has been blamed for exacerbating the financial crisis.

The move is intended to increase transparency and reduce risk in a market that is worth more than $680,000bn but has so far been largely unregulated. Many problems like accounting rules for derivatives have to be solved.

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