Jefferies: Swaps Capital Plan Stifles Competition

The Commodity Futures Trading Commission’s plan setting capital requirements for swap dealers and major swap participants promises to favor the bank holding companies (BHCs) and foreign bank subsidiaries that already dominate the markets, while squeezing out newer entrants, according to Jefferies & Co.

  • 20 Jul 2011

The Commodity Futures Trading Commission’s plan setting capital requirements for swap dealers and major swap participants promises to favor the bank holding companies (BHCs) and foreign bank subsidiaries that already dominate the markets, while squeezing out newer entrants, according to Jefferies & Co.

The firm, which ...

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