US regulator adds weight to OTC's reform plans

US regulator the Federal Reserve Bank of New York has added its voice to the growing impetus behind legal reforms to the over-the-counter derivatives market by publishing a white paper that underlines the main plans.

The most influential Federal Reserve Bank published a paper yesterday: Policy Perspectives on OTC Derivatives Market Infrastructure, that backs the planned US reforms to the global $605 trillion (€422.5 trillion) market.

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Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached