Buy side frets over cost of compulsory repo clearing
As US regulators prepare to mandate clearing, cost of compliance remains a mystery to many
Asset managers and European banks are calling for a more detailed analysis of the cost of complying with a broad clearing mandate for US Treasuries.
The Securities and Exchange Commission is widely expected to adopt a new rule in the coming weeks that would require direct members of the Fixed Income Clearing Corporation to submit nearly all repo and certain cash transactions in US Treasuries for
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