NYSE Euronext Statement On U.S. TREASURY, CFTC And SEC OTC Derivatives Initiative
Date 13/05/2009
NYSE Euronext (NYX) applauds U.S. Treasury Secretary Geithner as well as SEC Chairman Schapiro and CFTC Acting Chairman Dunn for their commitment to take action to promote transparency and mitigate risk in the OTC derivatives market. Moving forward on this initiative is critically important to building investor confidence, ensuring the integrity of the marketplace and fostering more efficient trading of OTC derivatives. We applaud regulators for taking a nuanced view of the CDS clearing landscape and we look forward to an expansion of this dialogue to other global regulators. NYSE Euronext will continue to advance our efforts to bring greater transparency to the clearing and processing of these instruments by working cooperatively with regulators, Congress, the administration and the industry.