2012 Winter OTC 1. OTC CDS 2. 2010 7 OTC 3. OTC 4. 5. 6. 7. OTC OTC OTC 2010 7 OTC 132
1 CFTC SEC IT OTC 2010 601 1 2 2000 OTC CDS OTC AIG CFTC SEC OTC OTC 1 2 OTC 800 700 600 500 400 OTC 800 700 600 500 400 CDS 300 300 200 200 100 100 0 2000 01 02 03 04 05 06 07 08 09 10 BIS 0 2000 01 02 03 04 05 06 07 08 09 10 BIS 1 2010 133
2012 Winter OTC OTC swap execution facilityswap data repository CFTC SEC OTC 2 eligible contract participant OTC OTC security based swap agreement 1933 1934 OTC CFTC SEC CFTC broad-based security indexswap 3SEC 3 1. 2. 9 10 2 investment company 500 500 1,000 100 FCM 2,500 <5,000 > 1,000 <1,000 > < > 134
narrow-based security indexsecurity based swap mixed swap CFTC SEC CFTC derivatives clearing organization SEC clearing agency 1 CFTC OTC OTC 4 OTC 4 OTC 135
2012 Winter 5 CFTC SEC 90 723 763 2010 7 21 CFTC SEC CFTC SEC 30 5 or 1. 2. CFTC 136
3 financial entity CFTC SEC CFTC SEC CFTC SEC financial integrity 731 764 FRB FDICOCC CFTC SEC OCC 2 4 OTC 3 4 PE OCC, Unfunded Mandates Reform Act Impact Analysis for Swaps Margin and Capital Rule, April 15, 2011 137
2012 Winter 723 763 721 761 OTC OTC CFTC LEI legal entity identifier ID unique product identifier ID unique swap identifier LEI SIFMA AFME 13 138
2011 5 5 ID ISDA 2011 4 ID 6 CFTC SEC 728 763 FSOC CFTC SEC CFTC 6 6 1 FRB 2. FDIC 5 6 LEI LEI 2011 ISDA, Product Representation for Standardized Derivatives, White Paper, April 14, 2011 139
2012 Winter 7 721 761 FDIC 7 721 761 7 7 140
619 solely FRB FDIC FRB federal assistance 716 FDIC FDIC FDIC CDS FDIC FDIC 8 CFTC SEC 8 Congressional Record, Senate, July 15, 2010, S5903-S5904 141
2012 Winter 9 OTC 8 CFTC 17 10 20 21 11 DTCC DTCC TIW 98 2010 8 EDRR DTCC 2011 5 6 ISDA 9 8 OTC CME, Ice to launch repositories rivalling the DTCC, Risk.net, August 15, 2011 CME SEC 10 2011 10 CFTC CME CME ICE USICE ICE LCH IDCHNYPC NYMEX CBOT NGXMGE 11 Testimony Before the House Committee on Appropriations, Subcommittee on Agriculture, Rural Development, Food and Drug Administration, and Related Agencies, Chairman Gary Gensler March 17, 2011 142
EFETnet DTCC ICE 2011 8 CME 12 Iberclear EU REGIS-TR 2010 12 2011 12 Regis-TR 13 CFTC 2011 3 9 17 CFTC 30 40 14 FSOC financial market utility804 LCH 2010 12 FRB 15 9 CFTC CFTC CFTC 12 CME, Ice to launch repositories rivalling the DTCC, Risk.net, August 15, 2011 13 Obstacles facing dealers' dream of a global OTC data repository, Risk, Sep 5, 2011 14 11 15 Meeting between federal reserve staff and representatives of LCH.Clearnet and rich feuer group, December 15, 2010 143
2012 Winter FSOC FRB CFTC SEC CFTC SEC FSOC FRB FRB FSOC OTC 2011 7 16 CFTC 2012 7 16 SEC 16 CFTC 2011 4 5 SEC 4 CFTC SEC CFTC 17 SEC 722 (d) 16 OTC 2011 OTC 2012 17 16 144
CFTC 18 18 CFTC CFTC SEC 2011 8 CFTC 722 (d) 2011 19 2012 1 19 18 NY lawmakers urge regulators to reconsider derivatives rule that would hurt U.S. competitiveness, May 18, 2011 19 Testimony before the u.s. house committee on agriculture, Washington, DC, Chairman Gary Gensler, June 21, 2011 145
2012 Winter G20 2012 2010 5 2012 11 19 20 EU 2010 9 2011 10 OTC EMIR MiFID EU 2013 2 21 OTC OTC 20 OTC OTC 2012 21 III 2011 146
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