How is the Dodd Frank Act impacting OTC derivatives?
The Dodd Frank Act was created after the global financial crisis of 2008. The act aimed at bringing transparency and the stability of the financial aspect of the economy. The purpose of the act was to overcome the defects of the OTC derivatives. The changes made under the act were:
Apart from the various changes, various other changes were proposed to improve the functioning of the OTC derivatives market.
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