Group Of Thirty Derivatives Report Urges Self-Regulation By Market
REGULATIONS
Participants in the $4 billion global derivatives market should implement stricter internal controls of their operations, but no new regulations are required, according to a long-awaited report on the industry from the Group of Thirty, a Washington-based think-tank chaired by Paul Volcker, former head of the U.S. Federal Reserve.
The recommendations, whose aim is to establish a code of good practice, contrast with warnings issued earlier this year by both the Bank of England's Derivatives Working
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