Pension netting regs push bank clearing costs higher
Dealers are facing increasing costs when providing clearing services to pension funds amid the regulatory push to move trades to clearing houses. The lack of netting provisions for pension funds means capital charges for dealers are high, with the result that leading banks are questioning the viability of the business without a rise in clearing prices.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: