Transatlantic swap liquidity split persists – Risk.net poll

US rules have broken the swap market in two, according to 60% of respondents to a poll

fca-building
The UK's FCA sought to encourage QMTF applications

Regulators appear to have failed in their attempts to tackle a liquidity split created by two-speed swap market reforms in Europe and the US, according to the results of a Risk.net poll.