Legacy Swaps Brokers and Regulatory Outtrades

  • Post category:Swaps FX

Traditionally, counterparties executing swaps transactions in the unregulated Over-The-Counter (“OTC”) marketplace maintained entire teams of staff devoted to the credit or delivery risk of a counter-party. Inclusive in this regime was the preeminent notion that brokers never held client funds of any kind. This key discrepancy may cause various regulatory outtrades between regulators and parties…...

The full article is available to active NIBA members only.


Please login or sign up to read the rest.
Log In Register