[authors: Kenneth M. Rosenzweig,  James M. Brady]

Global leaders and authorities overseeing the over-the-counter (OTC) derivatives market issued a joint press statement in furtherance of the agreement at the G-20 Pittsburgh Summit in 2009. In the joint statement, the leaders and authorities renewed their commitment to cooperate and consult each other in implementing sweeping changes to the OTC derivatives market, such as determinations regarding mandatory clearing requirements for certain derivatives products.

The joint press statement is available here.