Financial Times FT.com

Geithner’s OTC plans alarm exchanges

By Jeremy Grant

Published: June 10 2009 19:28 | Last updated: June 11 2009 09:29

Gary Gensler, chairman of the US futures regulator, at a hearing
Gary Gensler, chairman of the US futures regulator

The word “standardised” sounds innocuous enough. But its use in a US policy document on the future of over-the-counter derivatives has set alarm bells ringing at derivatives exchanges.

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