Swap Execution Facilities: Industry Hopes Longer Delays Will Mean Looser Rules
By Michael Mackenzie
Published November 3 2011 FT
The tussle between regulators over how over-the-counter derivatives will trade in the US has already been drawn out and may run well into 2012. While this is causing frustration in the derivatives industry, more delay could bring a silver lining in the form of less prescriptive rules in the US, and could allow European regulators to formulate their rules and thus limit the “implementation gap” between the two regions.
full article (subscription)