Shadow Clearers Could Undercut Banks: Brevan Howard

The capital cost of clearing for banks could lead end-users to create shadow-banking entities to clear trades, according to panelists.

  • 27 Sep 2013

The capital cost of clearing for banks could lead end-users to create shadow-banking entities to clear trades, according to panelists.

Aron Landy, chief risk officer at Brevan Howard, said they have already been seen in the market. "You're certainly seeing arbitrage in some areas and that is why shadow ...

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5 SG Corporate & Investment Banking 40,522.15 156 5.29%

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5 UBS 8,414.70 37 5.30%