Over the past year, regulators across the globe have justified their push for central clearing of over-the-counter derivatives trades by pointing to the advantages of reduced counterparty credit risk. But for London-based interdealer broker Icap, the benefit of a centrally cleared market will be rather more concrete.
"Clearing is undoubtedly a very attractive development as far as Icap is concerned," acknowledges the company's chief operating officer, Mark Yallop. "It cuts the processing cost fo
The week on Risk.net, July 7-13, 2018Receive this by email