Looming EU-US deal on clearing gets cool welcome from banks
Proposed European rule change will raise risks and costs of clearing, critics fear
The cost of transatlantic harmony on clearing house regulation might be a riskier – and potentially less viable – clearing business, European dealers are warning. It's a deal banks are reluctantly willing to accept.
"What we have is not a great compromise, but maybe the only one possible," says Ulrich Karl, co-head of financial market infrastructures risk in the financial institutions group at
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