Dealers calm on most draconian aspects of Dodd-Frank

No pressure

Nick Sawyer

Given that the Dodd-Frank Wall Street Reform and Consumer Protection Act was passed into law in July, and proposals on over-the-counter derivatives reform were published by the European Commission (EC) in September, you would have thought derivatives dealers would be frantically charging around to prepare for the coming change.

To some extent, they are. The push to central clearing is picking up pace, with the leading banks now fine-tuning their client clearing offerings. The move to greater

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