During 2012 SEFCON III John Lothian News interviewed five key members of the WMBA. Click here to see all the interviews.

Alex McDonald, CEO of the Wholesale Markets Brokers’ Association (WMBA), has his eye on both European regulatory reforms such as MIFID, MIFIR and EMIR as well as Dodd-Frank in the US. McDonald spoke with John Lothian News Editor-at-Large Doug Ashburn at 2012 SEFCON III about the need for international standardization on OTC derivatives regulation, as well as the push in the Europe toward a single regulatory structure there and the capital requirements that come with it. The question for McDonald is, is Dodd-Frank complementary to the European regulations, or is this a case of US regulatory overreach, or extra-territoriality? McDonald also discusses the pros of organized trading facilities, Europe’s version of swap execution facilities in the US.

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