Chrystia Freeland, US managing editor, interviewed Terry Duffy and Craig Donohue of CME Group about the draft legislation for regulatory reform and the industry’s move to address some of the systemic risk issues of derivatives through central counterparty clearing. This is a transcript of that interview.
FT: Thank you for joining us, gentlemen. It’s just over a year since the most intense moment in the financial crisis and one of the things that people were talking about then was the need for new financial regulation. In your view, Terry, how far have we gotten, and what’s your view on the draft legislation so far?
