Yogi Berra, the baseball legend with a penchant for mangled aphorisms, could probably sum up the feeling among US clearing banks about the latest proposal to regulate their activities: “It’s déjà vu all over again.”
On July 27, the Federal Reserve announced it wanted to add the complexity and interconnectedness indicators surcharge – which it already imposes on global systemically important banks (G-Sibs) – to those cleared derivatives in which banks act as agents for client trades, and which
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
