Mifid speeds drive towards regional swaps-booking models
Brexit adds impetus for decentralisation of booking hubs to Asia
Banks are stepping up their efforts to establish regional hubs in Asia for booking derivatives in response to the European Union's new Markets in Financial Instruments Directive (Mifid II). The recent referendum decision to pull Britain out of the EU has also refocused attention on banks' booking models, according to industry sources.
"Up until now, the Dodd-Frank regulations were actually more onerous and made life far harder for US banks in Asia than European rules did, but now I think we're
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