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Regulation 2014:
The $600T Swaps Market

January 21, 2014

Here at Bloomberg, clients continue to ask how best to address the regulatory changes affecting financial services. In Part 2 of our video series, our expert panel how the swaps world changed dramatically in 2013. Nearly 70 percent of all swaps are now centrally cleared. In 2014, the focus of reform turns from clearing to execution and transparency. More and more, swaps will be “Made Available to Trade” (MAT) on Swap Execution Facilities (SEFs), and the last sale information will be reported to and disseminated to the public from Swap Data Repositories, according to Gary Stone, Chief of Strategy at Bloomberg Tradebook.

The Bloomberg panel discusses the change in leadership at the US Commodity Futures Trading Commission, potential consolidation of SEFs and major regulatory trends to watch out for. What do you think about new financial regulations in 2014? Tell us on Twitter #BBGReg.

Watch key highlights from full segment above:

George Harrington explains to Tom Keene how the swaps market is more transparent than the stock market.

“The trading behavior is still very much like it was before, except trading in an open disclosed way,” Gary Stone explains.

George Harrington speaks to what he thinks the big change in the swaps market will be in 2014.

Are new regulations on the Swaps marketing going to be delayed? Tom asks Cady North.

Tom Keene asks our financial experts, “What’s the number one issue you see for 2014?”

Stay tuned for “Part 3″ on 1/29, where we address global implications of new financial regulation in 2014. Content expertise provided by: Bloomberg Government, Bloomberg Tradebook, Bloomberg Fixed Income, and Bloomberg Briefs.

Last Week: In Part I of Bloomberg 360: Regulation, three of Bloomberg’s regulation experts, including George Harrington, Bloomberg’s Head of Fixed Income Trading; Gary Stone, Chief of Strategy at Bloomberg Tradebook; and Cady North, Senior Policy Expert at Bloomberg Government, noted that one of the biggest challenges that the financial industry faces is how to comply with new regulations coming out of Washington. Nearly every firm and almost every country will be affected.