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External Meetings: Eurofi Financial Forum 2010 (Panel)

When:
9/28/2010 3:45 PM
Rulemaking(s):
VII. DCO Core Principles

VIII. Process for Review of Swaps

CFTC Staff:
Gary Gensler

Jackie Mesa

Yousuf Siddiqui
Visitor(s):
Audience of about 200 attendees at Forum
Organization(s):
The Bank of NY Mellon

Federation of European Securities Exchanges (FESE)

NYSE Euronext

BNP Paribas Securities Services

CACEIS

Deutsche Bank

DTCC

JP Morgan

Goldman Sachs

Chi-X Europe Limited

Euroclear

Grupo Santander

Citi

OMX Stockholm
  • The meeting was held at the Flagey Center in Brussels, Belgium as part of the Eurofi Financial Forum 2010. In addition to the above list, an audience of aproximately 200 atendees listened to the panel discussion. Topics discussed included the importance of transparency and a trade execution requirement for 'standardized' OTC derivatives and common requirements under Dodd-Frank and the European Commission's legislative proposal from September 15, 2010 on OTC derivatives clearing and reporting. Industry participants and regulators debated the need for further transparency in OTC derivatives markets, and the potential negative effects (i.e., diminished liquidity) that could result. Participants also discussed the effect that heightened risk management standards and governance requirements could have on clearinghouses. Certain participants were interested in ensuring that the process for determining which types of derivatives are required to be cleared is coordinated between the US and EU.

See Also:

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