Fed relief plan for G-Sib agency clearing welcomed
Rollback may revive interest in European FCM model, as principal clearing still treated punitively
Clearing sources have cheered signals from a top US regulator that they will cancel a planned increase in capital requirements for derivatives clearing businesses included in the Basel III endgame package.
Michael Barr, the US Federal Reserve’s vice-chair for supervision, recently announced his plan for a reproposal of the package, which would implement the Basel Committee on Banking Supervision’s
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