BaFin eases clearing house restrictions

An extraordinary, behind-the-scenes complaint made by Dresdner Bank and Deutsche Bank has resulted in the German regulator cutting to zero the amount of capital that banks are required to hold against transactions with swaps clearing counterparties, such as the SwapClear service run by the London Clearing House (LCH). The decision has been welcomed as "fantastic news" by sources at Dresdner, which had imposed a firm-wide ban on the use of SwapClear this summer to avoid possible punishment from

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 copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here