NY Fed pushes for a more open OTC derivatives market: Theo Lubke profile
The head of the financial infrastructure group at the New York Fed tells Mark Pengelly why transparency is key to the functioning of the derivatives market.
The Federal Reserve Bank of New York has been shepherding global efforts to improve the over-the-counter derivatives market since 2005, and is continuing to push dealers to improve in areas such as transparency and central clearing.
The New York Fed is currently focusing on four main areas of improvement: transparency, central clearing, standardisation and the risk management of trades that are not centrally cleared.
“Transparency is crucial,” says Theo Lubke, senior vice-president and head
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