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| Draghi: uncertain of the scale of the confirmations problem |
After successfully tackling the problem of unconfirmed trades in the credit derivatives markets, regulators have switched their attention to equity derivatives. “We suspect that there may be a lack of confirmations [in the equity derivatives market] just as there has been in other [derivative] markets, but we do not know the scale and age of the problem yet,” said Mario Draghi, governor of the Bank of Italy, speaking in Paris at the OECD’s financial stability forum on September 6.
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