01737cas a2200241 a 4500 AALejournalIMF006655 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455206797 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. United States : Publication of Financial Sector Assessment Program Documentation; Technical Note on Regulatory Reform; OTC Derivatives. Washington, D.C. : International Monetary Fund, 2010. 1 online resource (31 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students OTC derivatives markets were an increasing source of vulnerability heading into the crisis. OTC derivatives markets contributed to the financial crisis. Credit derivatives facilitated the development and growth of the structured securities markets; and the purchasing, packaging, and distribution of poorly underwritten loans and mortgages. The proposed reforms will make major improvements to market trading liquidity and the price discovery process. The reversal of the deregulation of OTC derivatives marks a major improvement in regulatory approach, and it closes an important gap in the regulatory framework. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2010/252 Full text available on IMF http://elibrary.imf.org/view/journals/002/2010/252/002.2010.issue-252-en.xml IMF e-Library