On the recordJune 8, 2009
we would be naive to consider proposals for regulating and clearing OTC products without also establishing a regulator to protect our markets against systemic risks.
Source
congress.govwe would be naive to consider proposals for regulating and clearing OTC products without also establishing a regulator to protect our markets against systemic risks.
Ackerman emphasizes the need for a regulator to manage systemic risks in OTC derivatives.
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