CCP Capital Rules Could Discourage Client Clearing, Critics Claim
By Matt Cameron and Ramya Jaidev
Published November 8 2011 Risk
Revised Basel rules provide little capital incentive for clearing members to clear trades on behalf of clients, bankers argue. Banks will have no incentive to clear trades on behalf of their clients under revised proposals published by the Basel Committee on Banking Supervision last week – putting the rules at odds with a stated regulatory objective to encourage clearing via capital inducements, critics claim.
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