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The implementation of the G20 mandate in the EU: Will financial markets be safer than five years ago?
Journal of Securities Operations & Custody,
6
(3),
198-205
(2014)
Abstract
As a result of the role played by over-the-counter (OTC) derivatives during the financial crisis, more than four years ago the G20 agreed to reform this market to make it safer, more efficient and more transparent. This paper analyses the degree of implementation of the G20 mandate in the European Union, with a side look at the USA. It raises some key issues that will have to be considered if the G20 mandate is to be fully implemented.
Keywords: G20; OTC derivatives; EMIR; MiFID; CCP; trade repository; OTF; financial crisis; Lehman Brothers
The full article is available to subscribers to the journal.
Author's Biography
Rafael Plata is the Secretary General of the European Association of CCP Clearing Houses (EACH), the trade organisation that represents the interests of central counterparties (CCPs) in Europe. A government affairs professional with over 15 years of experience in the financial services industry, Rafael has also represented the interests of stock exchanges, worked at the European Parliament and as an investment consultant for the pension funds sector. He is an invited lecturer on CCP Clearing at the Solvay School of Economics and Management and an Editorial Board member of the Journal of Securities Operations & Custody and Technology.
