How to locally regulate a global product

By June last year the notional value of the world’s derivatives market stood at US$708 trillion, but while the market is global its regulators are not. With the 2008 global financial crisis as a backdrop, Cleary Gottlieb Steen & Hamilton LLP’s Nick Grabar led a panel on derivatives at Latin Lawyer’s recent corporate finance conference, asking how the world of derivatives regulation is changing post crisis.