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Email On June 17, 2009, the Obama Administration released its recommendations for reform of our financial regulatory system (the “Proposal”), and the Firm sent its clients and friends a memorandum summarizing the proposals. This memorandum explains the regulatory reform aspects of the proposal related to over-the-counter (“OTC”) derivatives markets. https://www.cadwalader.com/resources/clients-friends-memos/obama-proposal-for-regulatory-reform-as-it-relates-to-otc-derivatives-markets