Posted on 10/18/2009 7:27:56 AM PDT by TigerLikesRooster
Derivatives Markets Rebound As Reform Recedes
Robust trading activity in OTC derivatives products likely to continue as reform momentum dissipates.
Guest Post by Oxford Analytica
Over-the-counter (OTC) derivatives, particularly credit default swaps (CDSs), were faulted as a cause of the credit crunch, most prominently in a June 17 speech by US President Barack Obama announcing his administration’s plan for financial reform. This led to calls in the United States and elsewhere to regulate the CDS market.
Regulatory outlook. Some of this pressure has been addressed indirectly by proposals such as the G20’s commitment to require all standardised OTC derivative contracts to be traded on exchanges or electronic trading platforms, where appropriate, at the latest by the end of 2012 — non-centrally cleared contracts would be subject to higher capital requirements.
The Obama administration has made a strong case for pushing to move ’standardised’ OTC derivatives transactions to organised exchanges, so as to benefit both from standardisation (and the expected price decreases that will follow), and centralised clearing mechanisms (which would replace the exchange as the nominal counterparty to the transaction, thus eliminating the lion’s share of counterparty risk). Unsurprisingly, the exchanges themselves support such moves and have positioned themselves to offer a broader product mix, and cross-border services
(Excerpt) Read more at researchrecap.com ...
Ping!
I think the dollar has already crashed.
Corrected Title: "Derivatives Markets Rebound As Sovietization Recedes"
Yep, devaluing the dollar could speed the process of making everyone equal. That’s why everyone should possess gold/real estate/ or any hard commodity as a big part of their portfolio.
Oh Jeez, not this $hit again.
The dollar is crashing, and it is all happening according to Plan - Barry, Paulson, Bernanke, Geithner, all goosestepping along with the evil one, Soros - What country are you idiots going to live in when you are finished destroying America??? Do you really think you will be able to escape the wrath somewhere else on the planet? That includes the clueless Bushes who deserve nothing but scorn, too, along with Clinton and Carter....God save us all even though we are totally undeserving of any mercy. What God gave us as the only true Hope for freedom-loving people, we are killing it through a thousand cuts — most of which have happened in the last 20 years. Are we part of the problem, too, by sitting by and doing nothing of substance but YAP???
If anyone needs any further convincing that Corporate America and its corresponding political agenda has completely taken over our governing institutions, as well as both political parties, one need look no further than Congress’ inability to pass controlling legislation limiting the banking industry from this kind of activity.
The real question remains: Where do We the People go from here?
ex animo
davidfarrar
Good God — HERE WE GO AGAIN!!!
Oh c’mon, Corporate America has the best interests of the People at heart. Just look how well it’s working out for the rest of us.
It’s not so much Corporate America as the international financial cabal, people who make fortunes off arbitrage and such. Manufacturing managers would not stand for this, the largest con game in history. Madoff was just the illegal tip of the iceberg.
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