United States: Publication of Financial Sector Assessment Program Documentation: Technical Note on Regulatory Reform: OTC Derivatives

July 30, 2010

Preview Citation

Format: Chicago

United States: Publication of Financial Sector Assessment Program Documentation: Technical Note on Regulatory Reform: OTC Derivatives, (USA: International Monetary Fund, 2010) accessed December 3, 2024

Summary

OTC derivatives markets were an increasing source of vulnerability heading into the crisis. OTC derivatives markets contributed to the financial crisis. Credit derivatives facilitated the development and growth of the structured securities markets; and the purchasing, packaging, and distribution of poorly underwritten loans and mortgages. The proposed reforms will make major improvements to market trading liquidity and the price discovery process. The reversal of the deregulation of OTC derivatives marks a major improvement in regulatory approach, and it closes an important gap in the regulatory framework.

Subject: Collateral, Credit, Derivative markets, Financial crises, Financial institutions, Financial markets, Money, Over-the-counter markets

Keywords: Cash market trading activity, Collateral, CR, Credit, Derivative instrument, Derivative markets, Europe, Exchange trading, Interest rate, ISCR, Market, Market participant, OTC derivatives market, OTC Derivatives Supervisors Group, Over-the-counter markets, Trading

Publication Details

Pages:

31
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/252
Stock No:

1USAEA2010019
ISBN:

9781455206797
ISSN:

1934-7685

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