U.S. Fed's Dudley sounds alarm on slow swaps-reform efforts
Sept 12 (Reuters) - Five years after the worst of the financial crisis, the world has not yet come close to building a "harmonized, robust" market for over-the-counter swaps, a top U.S. Federal Reserve official said on Thursday.
New York Fed President William Dudley said in a speech he is concerned that OTC derivatives reforms have been delayed and will fall short of a broader revamp of financial markets in the post-crisis era.
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