Dépêches
Reval Announces Position on Proposed Regulation of OTC Derivatives Market
Dépèche transmise le 19 juin 2009 par Business Wire
NEW YORK--(BUSINESS WIRE)--Reval, a global derivative risk management and hedge accounting solutions provider to over 250 of the world’s largest and most complex corporations, announced today its position on the Obama administration’s plans to regulate the over-the-counter (OTC) derivatives market.
In a letter to Treasury Secretary Timothy F. Geithner, Reval CEO and Co-Founder Jiro Okochi stated that Reval “understands and agrees with the need to better regulate the over-the-counter (OTC) derivatives market, and that better transparency, controls and the ability to clear OTC derivatives would help prevent future systemic risk. However, the broad regulatory reform suggested for all OTC derivatives—despite their intended use—may in fact increase risk into the system.”
According to Okochi, “A decrease in the use of OTC derivatives by companies who are true hedgers of business risk—those not likely to be a cause of systemic risk, past or future—may occur because the cost of margining and reporting would be too high. Consequently, any proprietary hedging strategies that would provide a competitive business advantage would be lost.”
Corporations, financial institutions, and accounting firms rely on Reval for independent valuations of derivative transactions and to assist with the hedge accounting of foreign exchange, interest rates, energy, credit, commodities, and other asset classes.
For further information about Reval, please see www.reval.com. Biographical information on Jiro Okochi can be found at http://www.reval.com/news/Pages/journalists.aspx
- 16/05 ITA Airways reçoit son premier Airbus A350
- 16/05 Ryanair lance une nouvelle ligne depuis Toulouse vers la Sicile
- 16/05 Play inaugure sa ligne vers Boston
- 14/05 L'ATR 42-600S STOL prend son envol
- 14/05 Airbus : commandes et livraisons du mois d'avril 2022
- 14/05 Plan de réorganisation pour LATAM Airlines
- 14/05 Finnair présente son programme d'hiver 2022-2023
- 14/05 Emirates commercialise sa classe premium économique
- 14/05 JAC reçoit un nouvel ATR 42
- 10/05 Air Transat relance ses vols directs entre Nice et Montréal
- 10/05 La Compagnie relance sa ligne Nice-New York
- 10/05 easyJet inaugure deux liaisons françaises depuis Gatwick
- 10/05 Safran renouvelle son contrat avec Hawaiian Airlines
- 10/05 French bee réalise son premier vol vers Los Angeles
- 05/05 United Airlines inaugure une liaison sans escale Entre Nice et New York/Newark
- 05/05 Qantas commande des 52 appareils Airbus
- 05/05 Korean Air augmente ses fréquences vers Paris
- 05/05 French Bee se lance vers Miami
- 05/05 Corsair repart vers le Canada
- 05/05 easyJet s'associe à GKN Aerospace