Swaps Dealers Resist European Derivatives Reform, Tabb Says
By Abigail Moses
Published December 7 2011 Bloomberg
Dealers in Europe are resisting regulatory changes to over-the-counter derivatives because of the costs of setting up central clearing services, according to research and advisory firm Tabb Group. About 70 percent of dealers are lobbying against reforms while continuing to build out operations, Will Rhode, a senior research analyst at Tabb in New York, wrote in a study released today. The report was based on interviews with 24 swap dealers, including the European operations of U.S. firms.
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