
Acting as a clearing member will be uneconomical – Isda panel

New proposed capital rules will make it uneconomical for banks to act as clearing members, fatally damaging regulatory attempts to bake an incentive to clear into financial market reforms, according to industry experts.
Two regulations in particular will combine to make clearing too punitive, particularly in Europe, said market participants, speaking on a panel at the International Swaps and Derivatives Association annual European conference in London yesterday.
The first is the leverage ratio
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