Tim Reucroft
07-05-2010, 04:27 PM
Has anybody done the sums?
As governments mandate OTC derivatives via CCPs , Swapclear is looking for $750 billion (not million) in collateral to cover the new business. Where will this small amount come from? Asset owners stock lending programmes - goodbye agent lenders business.
Oh - and that's just Swapclear.
As governments mandate OTC derivatives via CCPs , Swapclear is looking for $750 billion (not million) in collateral to cover the new business. Where will this small amount come from? Asset owners stock lending programmes - goodbye agent lenders business.
Oh - and that's just Swapclear.