U.S. regulators unveiled a series of proposed governance rules for derivatives clearinghouses and trading platforms that are designed to protect the market. Posted on October 1, 2010 by admin The proposals by the Commodity Futures Trading Commission would be the first major step by the agency toward regulating the opaque $615 trillion over-the-counter derivatives market. Related PostsThe Commodity Futures Trading Commission and Securities and Exchange Commission will have authority to decide what derivatives must be centrally cleared rather than letting private parties make the call.“It is clear that the MPAA is not familiar with the futures markets or the regulatory framework within which they operate.Ayn Rands influence on Alan Greenspan is responsible for the 2008 financial crisis.
