Rich Hulit
EVP Professional Services
Brokerage and Clearance
On October 21, 2009, I attended a session at the FIA Expo in Chicago on the subject of upcoming regulatory changes and increased oversight and wanted to share some insight from the panelists.
I wanted to take a moment to share these conversation starters, and encourage you to post your own memorable moments in the comment section. Did you hear anything at the FIA Expo that really hit home?
Patrice Blank, CEO of NewEdge -
He asked, “Would putting all CDS trading in one location have prevented what happened in 2008?” and worries “when moving OTC contracts onto a clearing house, we need to make sure that we are not increasing systemic risk.”
John Damgard, President of FIA -
He asked the question, “If the U.S. is the only country to put in hard position limits, what will that mean as far as pushing business into other countries or off exchanges?”
Terrence Duffy, Chairman of CME Group -
He said that he “hopes Congress understands that we are a global business when deciding on regulatory changes.”
I look forward to reading your thoughts and seeing what types of topics and questions struck you at the FIA Expo this week. What was the best part of the event for you?