“In my mind it becomes a trade-off between how much segregation is needed to protect everyone’s assets, versus how much they are willing to give up in terms of mutualization to protect the integrity of the system. That’s a very delicate balance.”
“In my mind it becomes a trade-off between how much segregation is needed to protect everyone’s assets, versus how much they are willing to give up in terms of mutualization to protect the integrity of the system. That’s a very delicate balance.”
—Biswarup Chatterjee, global head of electronic trading, credit markets, at Citigroup in London, gives his views on the current debate over margin requirements for clearing OTC derivatives.