Dodd-Frank 2/MiFID 3?


Attending a panel discussion at the International Derivatives Expo 2012 in London – entitled “Getting Ready for OTC Clearing”. Someone asked about the outlook three years hence.

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Half jokingly, one of the panelists suggested that we might be staring down the barrel of Dodd-Frank 2 and MiFID 3.

Another said it was impossible to predict – and that if someone had said three years ago there’d be a session today on implementing OTC clearing, that people would have thought the notion crazy.

That a conference like this is held under an agenda of massive regulatory change is surely a harbinger of challenges (and opportunities) ahead.

To adapt the Chinese proverb (or curse): we do indeed live in interesting times.

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