The Dodd-Frank Act falls short of considering many issues that over-the-counter derivatives will encounter with implementation of new regulations, according to Aite Group in a new report. “With respect to the trading, clearing, and reporting of OTC derivatives, uncertainty reigns where [Dodd-Frank] treads,” said John Jay, senior analyst with Aite Group and co-author of this report. “Despite the legislation’s pursuit of minimizing systemic risk through increased transparency requirements, market structure, legal, and operational issues are no more clear today than were when the Dodd-Frank Act passed in July 2010.”
