Over-the-Counter Derivatives Markets and the Commodity Exchange Act

"One of the most dramatic changes in the world of finance during the past fifteen years has been the extraordinary development of the markets for financial derivatives." --President's Working Group on Financial Markets, 1999

In 1998, Congress requested the President's Working Group on Financial Markets to develop policy with respect to over-the-counter derivative instruments. The resulting report, Over-the-Counter Derivatives Markets and the Commodity Exchange Act (1999) focuses on OTC derivatives, legal challenges and changes to the Commodity Exchange Act necessary to promote innovation and efficiency and to reduce systemic risk in these markets.

Students of financial history, journalists, politicians, and anyone interested in the workings of financial markets and the Plunge Protection Team, will find this vital background reading.