Recent proposals on the regulation of over-the-counter derivatives markets

The U.S. Department of the Treasury recently proposed a framework for substantially increasing the regulation of the U.S. over-the-counter derivatives markets. This framework comes in an environment in which legislation has already been proposed that would constitute the most significant changes to these markets since 2000. Although it is impossible to predict the precise form final legislation will take, it now appears inevitable that Congress will pass significant legislation in this area in the coming months.