Editorial - Standard deliver

29 Jun 2007

As exchange consolidation continues to gather pace across borders and asset classes, there is an ever-increasing need for the standardisation of common practices. FIA chairman Richard Berliand is looking to preside over a survey of clearing risk across the industry with the intention of establishing a worldwide code of practice, lending special...

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“At our current funding level, the Commission is under serious strain. We lack the staff and resources necessary to both implement Dodd-Frank and continue to fulfil our pre-Dodd-Frank duties under the Commodity Exchange Act. Without additional funding, the strain will only become worse in July, when much of Dodd-Frank goes into effect.”

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