Counting the cost of reform – Isda end-user survey
End-users are sceptical about the health benefits of derivatives market reforms, according to a new Isda survey. Here, a selection of firms explain why they fear rules designed to improve the market will instead be its undoing. Tom Osborn reports
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The financial system is safer than it was five years ago, but that’s no thanks to the clearing, execution and reporting reforms agreed by the Group of 20 (G-20) nations in 2009, according to end-users responding to a new survey by the International Swaps and Derivatives Association.
Roughly 60% of those firms – the largest group of which were non-financial corporates – believe the system is on a sounder footing, with a shade under 20% disagreeing. But when it comes to
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