OCC's Walsh warns about derivatives-market overhaul

01/24/2012 | Bloomberg · Risk.net (subscription required)

John Walsh, acting comptroller of the currency, said regulators' efforts to revamp the global derivatives market risk a "vast overreaction." "Lack of understanding feeds misperception, and derivatives are not particularly well understood, even by some top policymakers," Walsh said. "I'm not trying to suggest that this isn't a big market or that it doesn't involve sizable risks, but the risk ascribed to derivatives is often many orders of magnitude greater than the reality."

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