"The idea of punitive capital charges on derivatives is unhelpful and could engender the market to go away from Europe. If you are a bank, it is likely to be very difficult to find the extra capital, especially with the numbers being thrown around at the minute for such charges."
--Ross Barrett, policy director of capital markets at the British Bankers' Association in London, on the likely effects of placing capital charges on OTC trades that cannot be cleared.
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