Bill Brodsky, chairman and chief executive officer of Chicago Board Options Exchange, has called for US and EU banking regulation to be coordinated, to minimise the danger of regulatory arbitrage and systemic risk and to create a well-functioning derivatives market.
Writing for the Financial Times on September 24 about regulating over-the-counter (OTC) derivatives, Brodsky called for international governments to legislate the trading of OTC derivatives on “liquid and organised markets” to minimise systemic risk and create a “well-functioning derivatives market.”
Brodsky, who also chairs the World Federation of...